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Athens News Agency: News in English, 08-10-27

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] MIG appoints global coordinators/bookrunners of new share capital increase
  • [02] Athens Newspaper Headlines

  • [01] MIG appoints global coordinators/bookrunners of new share capital increase

    The Board of Directors of Marfin Investment Group (the ?Company?) on Monday announced the appointment of Deutsche Bank AG, London Branch and Morgan Stanley as Joint Global Coordinators and Joint Bookrunners, and UBS Limited as a Joint Bookunner in its proposed share capital increase of 5 billion euros.

    Cr?dit Agricole Cheuvreux, Keefe, Bruyette & Woods Ltd and Investment Bank of Greece have been appointed to act as co-lead managers in the proposed transaction.

    The decision for the new, major share capital increase was announced by the Board of Directors on September 30.

    Previously, MIG successfully completed a share capital increase of â¬5.2 billion euros in July 2007.

    MIG executive vice-chairman Andreas Vgenopoulos had noted that with the Group's exisiting cash resources, coupled with the proceeds of the share capital increase underway, MIG was ideally placed to take advantage of the investment opportunities arising, aiming to maximize returns for its shareholders.

    He added that MIG's new investment strategy will primarily focus on the financial sector in Greece and the wider Southeast Europe region "whereby in the consolidation round which will follow we can act as the partner of choice for counterparties in friendly transactions".

    [02] Athens Newspaper Headlines

    The Monday edition of Athens' dailies at a glance

    The international financial crisis and its impact, and the employment ministry's plan for fortifying the financially weaker classes dominated the front pages of Athens' newspapers on Monday.

    ADESMEFTOS TYPOS: "Source of wealth statements for state functionaries - For all those participating in Procurements Committees etc. in recent years".

    APOGEVMATINI: "Six measures for unemployed, pensioners and low-salary earners - The government responds to the crisis with support for the financially weaker classes".

    AVRIANI: "Justice must intervene on the green (color identified with main opposition PASOK) 'Vatopedi' (the Megisti Lavra monastery) on Skyros - Guilty silence by PASOK over MP Papageorgiou, who was the monastery's lawyer when the big...looting (of southern Skyros)... took place".

    CHORA: "Vultures attacking the economy's carcass - On the road to poverty, uncertainty and (early) elections without a compass".

    ELEFTHERI ORA: "According to sources in Doha, Qatar (where prime minister Costas Karamanlis is on an official visit), the national air carrier (Olympic Airways) will pass into the hands of the emir, and the 'bleeding' of the Greek state will stop".

    ELEFTHEROS: "Papoulias calls the politicians to alert - Serious intervention on the 'crisis of the century' and its impact on Greek society".

    ELEFTHEROS TYPOS: "Four landmines on incomes, market - The crisis brings: cutbacks in expenditure for staple goods, freeze in car sales, reduction in real estate prices - Nightmare scenarios of increase in unemployment in Greece".

    ELEFTHEROTYPIA: "Banks to cut home and business loan extension by half in 2009 - Repercussions of the crisis".

    ESTIA: "Insert of the newspapers October 27, 1940 edition - The eve of the historic 'Ochi'."

    ETHNOS: "Do something because we're sinking - Dramatic SOS by employees, businessmen over the crisis".

    TA NEA: "45-day SOS package - 18 billion euros 'injection' sought - Full speed ahead for new reduction of interest rates".

    VRADYNI: "Uncertainty, Insecurity, Turbulence - The European citizens now facing the repercussions of the crisis".


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