Our firm assisted Thrivest Holding Ltd, a Cypriot investment vehicle owned by Messrs. Dimitris Bakos, Ioannis Kaimenakis and Alexandros Exarchou in obtaining approval from the European Central Bank (ECB) on 19 October 2023 on the acquisition of a 43.63% stake in Pancreta Bank.
Working closely with Argyropoulos-Gissaki law office, we advised Thrivest on the acquisition of a 32.38% holding in Pancreta Bank through their subscription for rump shares in Pancreta Bank’s share capital increase of October 2022 and in the acquisition of an additional stake of 11.25% in April 2023.
Our core team consisted of partners Elena Papachristou and Paris Tzoumas, as well as Vivian Efthymiou, associate of the Finance & Capital Markets practice group.
