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Dubai takes 31.5% Marfin stake
- United Arab Emirates: Tuesday, May 16 - 2006 at 16:20
Dubai Government subsidiary Dubai Financial has acquired a 31.5% stake in the Greek group Marfin Financial which owns Marfin Bank and the Investment Bank of Greece. Dubai Financial paid EUR15 per share. Vice-Chairman Andreas Vgenopoulos will keep his 6.75% stake. The CEO of Dubai Investment Group, Soud Ba'alawy, will serve as Chairman.
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James McInerney, News EditorTuesday, May 16 - 2006 at 16:20 UAE local time (GMT+4)
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