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Machas and Partners is the head and sole legal advisor to the Hellenic Republic Asset Development Fund (HRADF) in the sale of Greece’s largest ever and most emblematic privatization project, the sale of Hellinikon, whose overall investment budget is approximately €10bn. The work included all advisory and compliance services in connection with the division of the prior Athens International Airport between the Greek State and the HRADF, the drafting of the relevant transaction documents,

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the actual transfer of the asset into the SPV, resolving all tax issues related to the transfer and division, the drafting of legislation for the ratification of the sale by Greek parliament and liaising with Greek banks for the financing of the project on behalf of HRADF.