Piraeus Financial Holdings SA on Tuesday announced that its subsidiary, ATHEX-listed Piraeus Bank, has purchased more than 47.24 million shares of Marfin Investment Group SA (MIG).
The transaction means that Piraeus Bank, one of four systemic lenders in the country, now holds a 36.22-percent stake in MIG, and as required by law, will now launch a mandatory public offer for the latter’s remaining shares.
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When Blue Skies was Unmasked as ND’s Political ‘Slush Fund’
The fact that so many top New Democracy (ND) party cadres were paid by the firm Blue Skies, owned by Thomas Varvitsiotis and Yiannis Olympios, without ever citing this publicly, raises very serious moral issues, regardless of the legality
Greek Women’s Water Polo Team Top in the World after 13-9 Win Over Hungary
The Greek team had previously defeated another tournament favorite, the Netherlands, to reach the final.
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PM Meloni Meets Vice President Vance in Rome Signalling Optimism on Ukraine Talks
Meloni emphasized the strength and strategic value of the Italy-U.S. partnership.
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ECB Cuts Interest Rates by 25 Basis Points in Expected Move
The ECB’s Governing Council opted to lower the deposit facility rate—the benchmark for signaling monetary policy direction—citing an updated assessment of inflation prospects, the dynamics of underlying inflation, and the strength of monetary policy transmission.
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