Bernitsas Law advised Intrakat on obtaining unconditional merger control clearance from the Hellenic Competition Commission (HCC) and thereafter on the successful completion of its acquisition of 100% of Aktor, a landmark transaction in the Greek constructions market. The transaction was signed on 30 March 2023 and completed on 8 November 2023.
This milestone transaction for Intrakat makes it one of the key infrastructure groups not only in Greece but also in the broader region. The acquisition of Aktor by Intrakat falls within Intrakat’s strategy targeting to strengthen and bolster mainly the construction activities of Intrakat and its group.
Managing Partner Panayotis Bernitsas, Partner Marina Androulakakis and Senior Associate Tania Patsalia advised on competition law.
Partner Nikos Papachristopoulos, Counsel Maria Nefeli Bernitsa and Associate Kelly Hatzigaki advised on M&A, Corporate and Capital Markets law.
Intrakat is a leading player in Greece’s construction sector engaged in infrastructure development, commercial and industrial construction and steel structure manufacturing, as well as telecommunications, renewable energy, environmental management and real estate development projects for the public and private sectors.
Aktor is a leading international infrastructure company with operations in 14 countries.