MIG withdraws application to buy Marfin Popular bank shares

Marfin Investment Group (MIG) announced today that it has withdrawn its application to the Central Bank of Cyprus for an increase of its shareholding in Marfin Popular Bank (MPB) of up to 30%, through purchases of shares from the Stock Exchange.

According to an announcement, issued today by MIG, due to the latest market developments, MIG has a number of available opportunities to deploy its strong liquidity and excess capital availability.

In the light of these developments, MIG noted that its intention for the foreseeable future is to implement its strategy for further investments in the banking sector, predominantly following agreements with the governments of various countries or through share capital increases of banks, if and when these may be needed.