Fulgor Industrial Production Facilities, Korinth, Greece


Project date: 2010

Services: Technical Due Diligence

Project owner: Prysmian S.p.A.

Location: Corinth, Greece

Focal was appointed as a Technical advisor to the Italian company Prysmian S.p.A. in respect of the potential purchase of the entire business activities of the cables industry Fulgor S.A. in Greece. The technical Due Diligence consisted of a general legal review of the ownership status of Fulgor’s real estate portfolio (lands and buildings) as well as controlling compliance of the properties with urban planning and building law. The current operation status of the main production plant in the area of Soussaki (70,000 sqm) was also controlled. The process consisted of evaluating the coherence of the “Data room” documents made available, and undertaking an assessment of short and long term risks for the potential buyer.