Greek Fund to invest in companies in Bulgaria, Greece, Serbia
Greek investment fund Marfin Investment, part of Greek Marfin Popular Bank will invest €15 billion ($20.4 billion) in company acquisitions in Bulgaria, Greece and Serbia.
The company will act as a public investment fund with transparent structure of making operations, Financial Times reported as quoted by investor.bg reported. The fund will refrain from imposing service fees. Top managers will have an option to receive company's shares when their price reaches €10 per share. Investor concerns are related to the choice of appropriate for acquisition companies from the target markets. Another concern is Marfin's competitiveness in the telecommunications and healthcare sectors on which it will focus. One of the largest shareholders in Marfin Investment is the investment fund Dubai Financial Group which is expected to hold 8% of the company's capital. (sofiaecho.com)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.