Marfin shares dive lower

Marfin shares dived to EUR 39.50, which corresponds to EUR 6.85 on the Marfin Popular Bank shares, which closed on the CSE at EUR 7.18, opening a wide gap that may pull the MPB shares lower towards critical support at EUR 7.10 at the open.

The decline came following a general exodus out of Marfin FG shares trading on ATHEX ahead of the December 21 expiry of the takeover offer by MPB, which in turn sees its Board meeting end of the year to discuss future capital issues.

The shares of Egnatia Bank were also lower, closing 5% down at EUR 7.80.