Marfin Investment Group
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| Type | Anonymi Etairia |
|---|---|
| Traded as | Athex: MIG |
| Industry | Holding company |
| Founded | 1998 |
| Headquarters | Nea Erythraia, Greece |
| Key people | Dennis Malamatinas (CEO), Andreas Vgenopoulos (Chairman) |
| Products | Industrial holdings |
| Revenue | €1.492 billion (2010)[1] |
| Profit |  (€1.868 billion) (2010)[1] |
| Total assets | €5.412 billion (end 2010)[1] |
| Total equity | €2.283 billion (end 2010)[1] |
| Employees | 17,300 (end 2010)[1] |
| Website | marfininvestmentgroup.com |
Marfin Investment Group (also known as MIG) is a Greek investment company created in 1998 as Marfin Α.Ε.Π.Ε.Υ.. It has acquired several companies and has changed name several times since. In 2001 it acquired Piraeus Prime Bank and was renamed Marfin Bank. In 2004 it took the name Marfin Financial Group following the triple merger of Comm Group, Marfin Classic Α.Ε.Ε.Χ and Maritime and Financial Investments.
Its shares are currently listed on the Athens Stock Exchange.
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[edit] History
In 2006 the Dubai Group bought a 35% stake in the company.
On 17 March 2008, MIG announced it sold its 20% of Greek telecommunications company OTE to Deutsche Telekom.
On 6 March 2009, MIG won the deal to acquire Olympic Airlines making it a private airline. The airline was renamed Olympic Air soon after.
In December 2009, MIG announced their intention in purchasing Serbian airline Jat Airways with an eventual merger with Olympic Air.[2]
[edit] Holdings
At the end of 2010, MIG's principal equity holdings consisted of:[1]
- Olympic Air Group (100%)
- Vivartia (91.2%) with it´s Diary & Drinks Division (DELTA/ΔΕΛΤΑ), Food Services and Entertainment Division (Goody´s, flocafe, Hellenic Catering) and the Frozen Food Division (Barba Stathis/Μπάρμπα Στάθης, Chrysi Zymi/Χρυσής Ζύμης)[3]
- Attica Group (88.8%)
- Robne kuće Beograd (80.2%)
- Hilton Cyprus (75.1%)
- SingularLogic (63.2%)
- FAI rent-a-jet (51.0%)
- Bluesun Hotels & Resorts (50.0%)
- Hygeia Group (48.3%)
- MIG Real Estate (40.1%)
[edit] References
- ^ a b c d e f "Annual Report 2010". Marfin Investment Group. http://www.marfininvestmentgroup.com/dm_documents/31122010_FullNotes1_En_RfzeD.pdf. Retrieved 5 May 2011.
- ^ MIG interest in Jat Airways
- ^ homepage www.vivartia.com retrieved on 4. August 2011
[edit] External links
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