Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) advised Hellenic Republic Asset Development Fund and Paneuropean Oil and Industrial Holdings on the sale of a 11 per cent stake in HelleniQ Energy Holdings, raising gross proceeds of approximately €235 million. The sale was executed by way of an accelerated bookbuilt offering to institutional investors and was significantly oversubscribed.
HelleniQ is a leading, comprehensive energy Group in Southeast Europe, with a portfolio spanning across the energy value chain and with activities in six countries. It is actively driving energy transformation in all its markets, while embracing innovation and developing new initiatives. HelleniQ’s aim is to become a leading provider of low-carbon energy solutions and to improve its processes with the goal of reaching net-zero emissions by 2050. The benchmark transaction has enabled HelleniQ to increase its free float and diversify its shareholder base with international investors and support the reduction of public debt in Greece.
The Freshfields team was led by counsel Richard Ho, with support from partners Christopher Mort and Doug Smith.
