Acquisition of one of the largest media and publishing groups via public auction procedure
30/09/2017 Souriadakis Tsibris successfully advised and represented a Greek media company, ALTER EGO S.A., in the acquisition, via a public auction procedure, of one of the largest and historic media and publishing groups, DOL SA, published of two leading Athens newspapers.
The auction followed the procedure of law 4307/2014 which allows for a speedy resolution of companies in distress via the sale of their business – or parts thereof – as a going concern. This was one of very few instances whereby this procedure has been successfully used. The value of the transaction amounted to € 23 million.