Zepos & Yannopoulos assisted Thrivest with the acquisition of a qualifying holding in Pancreta Bank and ECB approval

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Paris Tzoumas

Paris Tzoumas

Partner

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Vivian Efthymiou

Vivian Efthymiou

Associate

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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.