Zepos & Yannopoulos advises CarVal Investors in the acquisition from NBG of a €1.2 billion unsecured NPL portfolio

Zepos & Yannopoulos advises CarVal Investors in the acquisition from NBG of a €1.2 billion unsecured NPL portfolio

On 1 August 2019, National Bank of Greece S.A. and CarVal Investors entered into a definitive agreement for the sale and purchase of an unsecured non-performing portfolio of credit cards, consumer loans, small business loans and small & medium enterprises loans with total principal amount of c. €1.2 billion (Project Mirror).

Our team, Kely Pesketzi (partner), Paris Tzoumas (senior associate) and Niki Ignatidi (associate), advised CarVal Investors from the early stages of the bid process and will continue to advise them to closing. Tax partner Maria Zoupa and associate Mariliza Grammatopoulou advised on tax matters.