AKTOR S.A. €650 MILLION EQUITY OFFERING

Papapolitis & Papapolitis is pleased to have acted as Greek legal counsel to Aktor Group in connection with its €650 million share capital increase and the listing of 57.8 million new shares on the regulated market of Euronext Athens.

The transaction was implemented through a combined offering comprising:
(i) a public offering to retail investors and qualified investors in Greece, on the basis of an Annex IX document with preferential allocation rights reserved for existing minority shareholders; and
(ii) a private placement outside Greece conducted in accordance with Rule 144A and Regulation S.

The offering was oversubscribed more than 3.4 times, demonstrating strong institutional and retail investor confidence in Aktor Group’s strategic growth plan. Major shareholders WINEX Investments Limited and Castellano Properties Limited participated significantly in the offering, each committing substantial capital to the transaction.

The transaction was led by Elena Papachristou, Partner and Co-Head of Capital Markets & Financial Services Regulation, supported by Senior Associates Maria Roxani Karydi and Alexis Kontogiannis, and Associates Anastasia Papadopoulou and Suzana Perifanaki.

BofA Securities Europe SA, Goldman Sachs Bank Europe SE, and UBS Europe SE acted as Joint Global Coordinators and Joint Bookrunners in the International Offering.

Piraeus Bank S.A. and Credia Bank S.A. acted as Issue Advisors and Placement Coordinators, alongside National Bank of Greece S.A., Optima bank S.A., and EUROXX Securities S.A. whereas Ambrosia Capital Hellas Single Member Investment Services S.A., BETA Securities S.A., and Pantelakis Securities S.A. acted as Placement Agents in the Greek public offering.

Milbank LLP and Latham & Watkins LLP acted as international counsels to Aktor Group and the banks, respectively, and Karatzas & Partners also acted as Greek law counsel to the banks.

Congratulations to Aktor Group and all advisors for another successful transaction in the Greek capital markets..