Marfin Financial Group announces that the private placement for its share capital increase addressed to strategic and institutional investors was completed yesterday late afternoon.
Total demand reached 751 m. Euro resulting to an oversubscription of about 1,9 times. After the approval of the listing of the new shares in the Athens Stock Exchange, given the increased capitalization of the company, the adequate free float and the liquidity of its stock, Marfin?s shares are expected to be included in the index FTSE 20 on its next revision due in April 2006. Commenting on the, in fact, conclusion of the company's share capital increase, the Chairman of Marfin Financial Group Mr. M. Xanthakis made the following statement: "The substantial capital strengthening of Marfin Financial Group and the enthusiastic support we have received from our strategic and institutional investors, provides the management team of our group both with the financial means and the strong motivation to implement our strategic plan. We are particularly pleased because our share capital increase represents one of the largest investments in our country, almost entirely funded by shipping and institutional investors operating in the international markets".