Block sale of a significant position of a foreign institutional investor in Ellaktor

Souriadakis Tsibris represented Amber Capital Management LP, a UK investment manager, in negotiating an agreement for the sale of its 5,2% position in Ellaktor S.A. via a block trade and advised on all related regulatory obligations, including announcements etc. Prior to this, Souriadakis Tsibris advised its client on all aspects of its activity in relation to that issuer, including with respect to its upcoming annual general meeting. The matter has attracted a lot of attention since the particular issuer is embroiled in a proxy battle between the major shareholders for control of what constitutes the biggest construction company in Greece.

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