Greece
Posted Thu, 25/03/2010 - 12:03
Greek investment firm Marfin Investment Group (MIG) issued a press release on 22 March 2010 to announce a successful fund raising effort which garnered € 251.7 million. The funds come by way of a convertible bond loan, the issuance of which was determined prior to the recent downturn in the Greek economy.
Posted Thu, 30/07/2009 - 00:00
Greek investment company Marfin Investment Group (MIG) has joined forces with Veolia Environnement and Ionios Constructions in a bid for Thessaloniki Water and Sewerage SA (EYATh). The three partners, which have formed a joint venture with Veolia owning 51%, MIG 44%, and Ionios 5%, recently announced participation in a tender to find a strategic partner for Thessaloniki Water. No further details about the new company have yet been made public.
Posted Sun, 08/03/2009 - 01:00
After many years seeking private investors to purchase struggling Olympic Airlines, the Greek government has struck a deal with the Marfin Investment Group. The Greek government bought the airline from Aristotle Onassis 30 years ago but now will let it go for € 177.2 million. Earlier bids from American charter operator Chrysler Aviation (€ 210 million) and Greece's Aegean (€ 110 million) were rejected. The American bid lacked financial backing while competition concerns put Aegean out of the running.
Posted Mon, 16/02/2009 - 01:00
Cosmote, wholly owned by Greek incumbent OTE, has acquired an additional 12.6 percent stake in Albania Mobile Communication (AMC). The deal is worth EUR 48.2 million and raises Cosmote's stake in the company to 97.6 percent.
Posted Mon, 08/12/2008 - 01:00
Marfin Investment Group Holdings announced that it had acquired approximately 49.99% of Flight Ambulance International for EUR 15 million. Flight Ambulance International, based in Nuremberg, Germany, is a world leader in medical air evacuation. Marfin executed the transaction through a purchase of equity and retained a 2-year option to increase its stake to 51% of FAI for an additional EUR 2.5 million.
Posted Mon, 04/08/2008 - 00:00
A 75 percent stake in Medicom Systems S.A. has been sold by Eureko B.V. to Global Finance Fund South Eastern Europe Fund L.P. Medicom Systems is the holding company for Euroclinic Athens and Euroclinic Children. Eureko is also the parent company of Greece's Interamerican health insurance company. According to the agreement, Global Finance will acquire the controlling interest of the Medicom Systems, while Eureko retains a 25 percent stake.
Posted Thu, 15/05/2008 - 00:00
Greek chemical manufacturer Neochimiki L.V. Lavrentiadis S.A. Industrial and Commercial Company has been acquired by the Carlyle Group, a private equity firm based in Washington, D.C. Carlyle has purchased 73.54% of the shares at a price of € 19 per share.
Posted Wed, 19/03/2008 - 01:00
Deutsche Telekom, a German telecommunications company, acquired nearly 20% of Hellenic Telecommunications ("OTE"), the national telecommunications provider of Greece. The shares were sold by Marfin Investment Group, a Greek private equity firm whose stake in OTC represented their second largest investment. The purchase was made for EUR 2.5 billion, or EUR 26 per share. The execution of the deal was contingent on approval by the Greek government.
Posted Fri, 11/01/2008 - 01:00
Marfin Investment Group acquired 55.79% of the share capital of consumer electronics retailers “Radio Korasidis” and 58.78% of the share capital of “Elephant” for a total consideration of € 22.2 million from “V-NET”.
Posted Fri, 13/07/2007 - 00:00
Marfin Investment Group acquired a 30% stake from the main shareholders of Vivartia for a price of € 25 per share, valuing the sake at about € 550 million and the company at about € 1.8 billion.
Posted Wed, 04/07/2007 - 00:00
Global Finance has held the final closing of its eighth fund, the South Eastern Europe Fund (“SEEF”).
Posted Mon, 08/01/2007 - 01:00
Global Finance acquired a majority stake in Greek Andromeda Aquaculture S.A.
Posted Thu, 04/01/2007 - 01:00
Global Finance acquired a majority stake in ICAP. The company is the leader in Greece in the provision of business information services (including company financials, credit analysis and ratings), printed and on-line business directories and consulting services, with presence for over 40 years in Greece and a recently launched activity in Bulgaria.
