Morgan Stanley keeps raising Marfin stake

Morgan Stanley & Co. International notified the Cyprus stock exchange that it has continued increasing its stake in Marfin Popular Bank (MPB). Following its previous notification that on January 17, 2007 it purchased 699.911 shares of MPB, lifting its stake from 5.12%, the investment powerhouse confirmed additional purchases.

Specifically, it purchased 232.788 shares on Jan 18 at EUR 8.2610, on January 19 it purchased a further 441.835 shares of MPB lifting its stake to 5.20% at an average price of EUR 8.5408 and finally on January 22, it purchased 100.000 shares of MPB at EUR 8.6538, lifting its combined direct and indicate stake to 5.21%.