GREECE Law and Practice Contributed by: Elizabeth Eleftheriades, Theodore Rakitzis, Angeliki Chalikia and Angelos Charalampidis, Kyriakides Georgopoulos Law Firm
the issuer and significant shareholders – are not standard in Greece, similar governance arrangements may be reflected in the issuer’s articles of association or disclosed in the IPO prospectus, particularly if the PE fund retains a significant post-listing stake. In practice, PE-led IPOs in Greece remain relatively infrequent, but when they occur they often involve corporate governance enhancements – such as board independence, audit committee structures and revised shareholder agreements – to comply with cap - ital markets regulation and align with public company standards. Where the PE fund retains a minority stake post-IPO, provisions regarding orderly sell-downs and information rights may continue to apply.
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