Themis Portfolio Management Limited entered into agreement to acquire Aps Debt Servicing Cyprus Ltd from Hellenic Bank Public Company Limited (CSE:HB) on April 11, 2022. The agreement is a package transaction involving (a) the securitization of c. €1.32 billion NPEs (the “Starlight Portfolio”) and (b) the sale of the Bank's servicing platform, APS Debt Servicer, to Oxalis Holding S.A.R.L. The Transaction comprises of The transfer of the Starlight Portfolio to a Cypriot Credit Acquiring Company and the subsequent sale of 100% of the shares in the CyCAC to Oxalis,The securitization of the Starlight Portfolio and the issuance of senior, mezzanine and junior notes,Oxalis to acquire 95% of the Mezzanine and Junior Notes of the securitisation of the Starlight Portfolio,Oxalis to acquire 33,3% of the Senior Note of the securitization of the Starlight Portfolio,The Bank will retain 66,7% of the Senior Note and 5% of each of the Mezzanine and Junior Notes, Sale of 100% of the shares in the APS Debt Servicer to Themis Portfolio Management Ltd (“Themis”), a Cypriot debt management and recovery and property management company, owned by funds managed by PIMCO, and Signing of a long-term exclusive servicing agreement for the management of the residual NPE portfolio of the Bank and any additional future defaults that might arise.The Transaction is subject to regulatory and antitrust approvals and it is expected to close by the end of 2022. Clifford Chance LLP acted as legal advisor to Hellenic Bank Public Company Limited (CSE:HB).