#KGLawFirm advised Siemens Energy SA & “Siemens Gas and Power Holding B.V.” with regards to the corporate restructuring of the “Greek Energy Business”. In particular, the restructuring of the Greek Energy Business was effected through the spin-off of the “Greek Energy Business” from “Siemens Electrotechnical Projects and Products SA” and its absorption by “Siemens Energy SA”, which was specifically established for the purposes of this transaction. The transaction was completed on April 1st, 2022, giving effect to the remainder of the 2020 world-wide internal restructuring (spin-off) of the Energy Business from “Siemens Group” to “Siemens Energy Group”.
 
KG’s team led by Partners Elisabeth (Lisa) Eleftheriades Eleftheriades and Kimon Tsakiris and along with core team Senior Associate Efthymia (Effie) L. Pragianni, LL.M, M.Sc. and Junior Associate Angelos Charalampidis provided ongoing legal support throughout the implementation of the carve out process, including preparation of the transaction steps plan, drafting of the corporate documentation and provision of general legal assistance.
 
Our dedicated team also included, among others, Tax Partner Panagiotis Pothos and Senior Associate Ioanna Barmpa, Public Sector Contracts & Procurement Partner Constantinos Kavadellas and Senior Associate Georgia Panagopoulou, as well as Competition & Antitrust Partner Anastasia Dritsa and Counsel Violeta Panagiotopoulou, who assisted the transaction on matters related to their field of expertise.
 
Many thanks belong to the #SiemensEnergy team for their great cooperation and trust over the last six months in efficiently closing this complex and high profile transaction.