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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 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. (