Papapolitis & Papapolitis acted for York Capital Management in respect of their agreement with the GEK Terna Group, pursuant to the terms of which York Capital invested €100 Million in GEK by fully subscribing to the issuance of a 5 year bond loan, mandatory convertible partly to new GEK shares and partly exchangeable with existing Terna Energy shares owned by GEK. York Capital also acquired 9.99% of GEK’s share capital through a share capital increase and 3% of Terna Energy’s share capital previously held by GEK. York Capital’s investment signifies one of the largest foreign direct investments in a privately held Greek company during 2013.
BANKING, FINANCE & CAPITAL MARKETS, CORPORATE AND M&A, ENERGY, FUNDS, JOHN PAPAPOLITIS, TRANSACTIONS
YORK CAPITAL MANAGEMENT IN €100 MILLION INVESTMENT IN THE GEK TERNA GROUP
