Bedell Cristin acted as BVI counsel to Greek law firm, Athens Business Lawyers, in relation to the acquisition by Strix Holdings, of shares held by Marfin Group (MIG) in the Attica Group.
The wider deal resulted in a debt for equity swap of approximately 445 Million Euros, following which MIG eliminated its debt in exchange for Strix increasing its ownership in Attica.
Partner Kristian Wilson in Singapore led the Bedell Cristin team on the BVI law elements of the deal, supported by the firm's BVI corporate law team in the European time zone.
Kristian said: "This was one of many M&A transactions we worked on this year, featuring close collaboration between lawyers in our international offices, in this case our teams in London and Singapore, in order to deliver results for the client. It was a pleasure working with ABL on this matter."