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Piraeus snaps up share in MIG to complete series of corporate moves
EconomyBankingwill invest in Marfin Investment Group (MIG) by covering a convertible bond amounting to 250 million euros... a premium of 10.2 percent on MIG’s current price of 0.49 euros. Piraeus Bank has committed to convert bonds worth at least 90 million euros into MIG shares becoming the largest shareholder with a stake
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Marfin Investment Group returns to profit in 2015
EconomyMarfin Investment Group (MIG) has released its 2015 annual results showing that for the first time..., MIG continued the active rebalancing of the group’s investment portfolio, through gradual disposal of non-core assets. In December 2015, MIG completed the sale of Skyserv Handling Services, while
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Politics trumping economic prudence in Greece
Agorathe acquisition of a 17 percent stake in Marfin Investment Group (MIG) for 250 million euros. MIG... billion euros of liabilities from Emergency Liquidity Assistance (ELA). The Piraeus Bank-MIG... company. According to MIG’s 2013 annual report, the company had debt three times the size of its
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Marfin Investment Group EBITDA up 75.6 pct in Q1
EconomyMarfin Investment Group (MIG) has released its Q1 2016 financial report showing that consolidated.... The increase was primarily attributed to the marked profitability improvement of MIG’s subsidiaries Attica... to 17.7 percent. On May 23, MIG issued a new common bond loan amounting to 150 million euros, which
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankinggain of 144 million from an MIG corporate restructuring transaction. On a recurring basis (excluding...), 144 million posted in Q2 from MIG corporate restructuring transaction, 10 million to be booked
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Greek stocks slip 0.4 pct during week
Economy) improved by 14 percent quarter on quarter (QoQ) on the back of net interest income (NII) rebound... to 293.7 million and EBITDA improving by 7 percent to 71 million. Marfin Investment Group (MIG) sales eased
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Greek stocks rise for third consecutive week as trading increases
Economyoutlook to stable from negative on the back of improving profitability and funding. Although investors... by 37 percent to 187.1 million. MIG posted a 3 percent drop in 9-month sales to 848.4 million
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Stocks rise for first time in three weeks, gaining 1.1 pct
Economyon the back of the MSCI rebalancing. Market news Fourlis will replace Terna Energy in the FTSE/ATHEX... pre-provision income rebounded by 1.2 percent to 305 million. Marfin Investment Group (MIG) showed
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Professional liars in pandemic times
Agoraeasy to find your way in a sea of different forms of disinformation, conspiracy theories, fake news... Instagram commenting that the vaccine against corona has been around for some time... and spread of the coronavirus. Lovren wrote on his Instagram "Game over, Bill. People are not blind
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