Kyriakides Georgopoulos together with Shearman and Sterling (London) acted for the Buyer, BA Glass I – Serviços de Gestão e Investimentos in the acquisition of Yioula Glassworks SA, along with its subsidiary Yalos Holdings (Overseas) Limited (the “Sellers”) of substantially all of Yioula Glassworks SA glass container business.
The acquired assets included all the issued shares of Glasstank B.V. as well as the transfer of the glass container business of Yioula SA as a going concern in Greece.
The deal included three listed companies (in Romania, Bulgaria and Serbia) and Yioula plants and equipment in Greece was unique in terms of size and complexity for the region, combining a group restructuring, a share deal in the Netherlands and an asset deal in Greece; debt restructuring; competition clearances and mandatory tender offers.
Kyriakides Georgopoulos acted on all local law issues and coordinated SEE Legal country offices (Boyanov & Co, BDK Advokati, Nestor & Nestor) and Neocleous Law Firm in Cyprus.
The deal closed on 26 January, 2017 and KG team, including newly promoted to partner Evangelia (Evi) Dimitropoulou, was led by partner Elisabeth Eleftheriades.