Security Alert
Zepos & Yannopoulos advised Hellenic Defence Systems S.A. and the Greek State on its strategic joint venture with the Czechoslovak Group (CSG) throughout the set-up of Hellenic Ammunition A.E. which will primarily focus on the production of large-calibre ammunition at the Lavrio industrial facilities, utilising state-of-the-art technology and know-how to strengthen domestic defence manufacturing capabilities.
This landmark transaction represents a pivotal milestone for the Greek defence industry, contributing to the revival of Greece’s strategic production capacity, reinforcing the European defence supply chain, and positioning Lavrio as a key pillar of ammunition production for Greece and Europe. Notably, the investment is being implemented with no fiscal burden on the Greek State, with CSG committing investments of up to €50 million over time. The project is also expected to generate significant employment, with total workforce projected to reach approximately 300 employees by year-end.
Our firm advised on all aspects of the transaction, including the drafting and negotiation of the full suite of transaction documents, as well as a broad range of complex ancillary legal and regulatory matters.
The transaction team was led by Stamatis Drakakakis, head of Antitrust & Competition, and Stefanos Charaktiniotis, head of M&A, working closely with Maria Bozinaki, senior associate. Regulatory and administrative law matters were handled by Sofia Chatzigiannidou, head of Public Procurement & Concessions, together with Nasia Gkouma, partner, and Nikos Koukos and Katerina Fereti, senior associates, while Sonia Melegou, head of Real Estate, advised on real estate aspects.