Piraeus Financial Holdings S.A. announces that, on 6 February 2023, its subsidiary Piraeus Bank S.A. (“Piraeus Bank”) acquired 47,242,062 shares in Marfin Investment Group Holdings S.A. (“MIG”), bringing its total shareholding in MIG to 340,308,728, representing 36.22% of the total common shares outstanding.
As a result, in line with provisions of the L.3461/2006, and subject to the review and approval by the Hellenic Capital Markets Commission, Piraeus Bank will launch a mandatory tender offer for the common shares in MIG that it does not already own.
Said mandatory offer and the acquisition of additional shares in MIG is in line with our long-term strategy of executing on opportunities that create synergies within our investment portfolio and maximize returns for the benefit of our shareholders.
