Marfin Popular shares placed at EUR 7.10 per share

The placement of 54.7 mln shares of Marfin Popular Bank by Marfin Financial Group through an accelerated book building method organized by Citigroup and Deutsch Bank has been completed successfully with the final price fixed at EUR 7.10 per share.

Marfin FG placed the 54.7 mln Laiki shares which represent 15.3% of the capital of the Bank among foreign institutional investors and a further 13.8 mln shares of Egnatia Bank at 8.56 euro per share. The total amount of the deal reached EUR 510 mln.

The Dubai Fund is reported to have agreed to purchase 18.8 mln shares of MPB, in addition to its original investment in the Group via its controlling stake in Marfin FG.