Marfin Financial Group has today successfully completed the placement of 54,746,319 shares of Marfin Popular Bank Public Co Ltd (MPB) formerly known as Cyprus Popular Bank Ltd, representing approximately 15.32% of MPB through an accelerated bookbuild offering to Greek and international institutional investors. The shares were priced at Euro 7,10 a 3,38% discount to the share price of December 12th, 2006. As part of the placement, Dubai Financial LLC has agreed to buy 18,874,093 MPB shares at the same price.
Marfin Financial Group also completed the placement of 13,129,833 share of Egnatia Bank SA to select pre-identified investors. The shares were priced at Euro 8,56, a 2,10% discount to the share price of December 12th, 2006.
Citigroup Global Markets Limited (Citigroup) and Deutsche Bank AG, London Branch (Deutsche Bank) are acting as Joint Bookrunners and Keefe, Bruyette & Woods Ltd (KBW) as Joint Lead Manager.