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Feb 2017

Bernitsas Law advises on Apollo Mandatory Tender Offer to Acquire Astir Palace

Bernitsas Law advised Apollo Investment Holdco in connection with its mandatory tender offer (MTO) made to acquire 100% of Astir Palace Vouliagmeni (Astir), and the delisting of Astir’s shares from the Athens Exchange. This transaction follows on from the award of the international tender of the Hellenic Republic Asset Development Fund (HRADF) and the National Bank of Greece for the privatisation and re-development of Astir.

Apollo Investment ΗoldCo is a company indirectly controlled by AGC Equity Partners, a global alternative asset investment firm, operating from offices in London and the Middle East.

The Bernitsas team was led by Nikos Papachristopoulos.