WFW advises Piraeus Bank on loan portfolio acquisition from HSBC13 June 2023
This transaction resulted from HSBC’s decision to sell its Greek shipping portfolio, of which Piraeus Bank acquired the highest number of loans.
This transaction resulted from HSBC’s decision to sell its Greek shipping portfolio, of which Piraeus Bank acquired the highest number of loans.
The acquisition was completed through Nemeca’s takeover of an existing loan between BCC Iccrea Bank and the two Greek companies.
The transaction included a margin adjustment mechanism based on carbon intensity rating as an incentive for the owner to reduce carriers’ carbon emissions.
We are delighted to have advised Cosmote on this major and innovative financing transaction which will support OTE Group in its effort to accomplish its investment plan.