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Athens News Agency: News in English, 07-12-07
CONTENTS
[01] MIG stake in OTE at 18.45%, telecom says
[02] Gov't cites 'El Al model' for Olympic Airlines
[01] MIG stake in OTE at 18.45%, telecom says
The Hellenic Telecommunications Organisation's (OTE) management on
Friday issued an announcement clarifying that stake owned by the Marfin
Investment Group (MIG) in the state-run telecoms and telephony utility
is 18.4551 percent, representing 90,457,663 shares and the equivalent
voting rights.
MIG Holding Co. SA's participation in OTE's share capital included a
7.8924-percent share corresponding to 38,684,693 OTE shares and
equivalent voting rights owned by MIG directly, and a percentage of
10.5627 percent representing 51,772,970 OTE shares and incorporated
voting rights that MIG has the right to acquire under the terms of
total return equity swap agreement, whose voting rights are exercised
according to MIG's instructions.
The above percentage (10.5627 percent) participation includes 4.4421
percent that corresponds to 21,772,970 shares and voting rights that
arise under the terms of a total return equity swap agreement made by
MIG and CommerzBank AG, announced on Oct. 22, 2007.
Caption: File photo of OTE's headquarters in the northern Athens
district of Maroussi. ANA-MPA / PANTELIS SAITAS
[02] Gov't cites 'El Al model' for Olympic Airlines
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