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. With the bond’s [...]

As Serbia’s state-owned JAT Airways continues to experience heavy financial losses, Greek investment firm Marfin Investment Group has expressed interest in acquiring the troubled airline. Marfin purchased Greek Olympic Airlines last March and would most likely merge it with JAT to create a strong regional airline. The firm also acquired a 50% stake in Switzerland’s [...]

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 [...]

Despite rumors to the contrary, Marfin Investment Group (MIG) has announced that it is not engaged in talks with ThyssenKrupp Marine Systems to acquire Hellenic Shipyards (HSY). MIG went so far as to state that they were not interested in Hellenic Shipyards or any other shipyards in Greece. The rumors of MIG’s potential interest began [...]

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 [...]

According to various sources the government’s advisers received today a binding offer of € 45.7 million by Marfin Investment Group to acquire assets related to Olympic’s flying operations and € 16.7 million for assets of its technical base. On February 5, 2009 Marfin Investment Group confirmed their interest in acquiring Olympic in a press release.

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 [...]

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 [...]

Marfin Investment Group signed an agreement with the shareholders of Croatian Sunce Koncern d.d. for the acquisition of a controlling equity interest in the company. Sunce Koncern d.d. (www.sunce.hr) Sunce is one of the largest Croatian groups in the tourism and leisure sector. The company owns and operates 11 hotels (approximately 5,000 beds) situated in [...]

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”. Radio Korasidis (www.korasidis.gr) Radio Korasidis operates 54 stores across Greece, including the 8 stores of Vasilakis S.A. in Northern Greece, which are [...]

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. Vivartia S.A. (www.vivartia.gr) Vivartia is involved in the dairy business, ice-cream market, fresh juices market, frozen food market [...]