 | |
| Trade name | MIG |
|---|---|
| Native name | MIG ΑΝΩΝΥΜΟΣ ΕΤΑΙΡΕΙΑ ΣΥΜΜΕΤΟΧΩΝ |
| Formerly |
|
| Company type | Public |
| Traded as | Athex: MIG |
| ISIN | GRS314003005 |
| Industry | Holding company |
| Founded | 10 March 1988; 36 years ago (1988-03-10) |
| Headquarters | Athens, Greece |
| Area served |
|
| Key people |
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| Revenue | €359.84 million (2021) |
| Operating income | €13.03 million (2021) |
| Net income | €(25.64) million (2021) |
| Total assets | €1.222 billion (2021) |
| Total equity | €107.61 million (2021) |
| Owner | Piraeus Financial Holdings (87.7948%) |
| Number of employees | 2,151 (2022) |
| Subsidiaries | |
| Website | www |
MIG Holdings S.A. (also known as MIG) is a Greek investment company. It has acquired several companies and has changed name several times since. In 2004 it took the name Marfin Financial Group following the triple merger of Comm Group, Marfin Classic Α.Ε.Ε.Χ and Maritime and Financial Investments.
Its shares are currently listed on the Athens Stock Exchange.
History
Finance history
In 2006 the Dubai Group bought a 35% stake in the company. As of 31 August 2012, 17.28% of MIG is owned by Dubai Group. In 2006 Marfin Investment Group acquired HSBC's shares in the now-defunct Laiki Bank, establishing a strong minority share position. Subsequently, the group acquired control of Laiki, which it re-branded as Marfin Popular Bank.
On 17 March 2008, MIG announced it sold its 20% of Greek telecommunications company OTE to Deutsche Telekom.
On 6 March 2009, MIG won the deal to acquire Olympic Airlines making it a private airline. The airline was renamed Olympic Air soon after. On 22 February 2010, Olympic Air and main competitor Aegean Airlines announced they had reached an agreement to merge their operations, phasing out the Aegean brand. After an in depth inquiry by the European competitions commission, it was announced on 26 January 2011 that the merger was blocked, citing anticompetitive concerns. Following a renewed attempt to sell the company to Aegean Airlines and the subsequent approval by the Competition Commissioner on 10 October 2013, the airline is, as of 23 October 2013, a full subsidiary of Aegean Airlines.
In December 2009, MIG announced their intention in purchasing Serbian airline Jat Airways with an eventual merger with Olympic Air.
Arson attack on Athens branch
On May 5, 2010 during anti-austerity demonstrations, an arson attack by unidentified perpetrators took place against the bank's branch on Stadiou Street, Athens. 3 people died and in a trial that ended in 2013, several people in management positions were found guilty of the negligent homicide of three employees, the bodily harm of 21 other employees, and multiple lapses in fire safety measures and training of the staff.
Holdings
As of 2023, MIG's principal equity holdings consisted of:)
Robne kuće Beograd (83.11% owned)
References
- "Company Profile". MIG Holdings. Retrieved 13 November 2023.
- ^ "Profile". Athens Exchange Group. Retrieved 15 February 2023.
- ^ "Στοιχεία Δημοσιότητας". Business Registry (in Greek). Union of Hellenic Chambers Of Commerce. Retrieved 15 February 2023.
- "Εναρξη διαπραγμάτεσης νέων μετοχών κατόπιν έγκρισης της συγχώνευσης με απορρόφηση των MARITIME AND FINANCIAL INVESTMENTS ΑΝΩΝΥΜΟΣ ΕΤΑΙΡΙΑ ΣΥΜΜΕΤΟΧΩΝ και MARFIN CLASSIC ΑΝΩΝΥΜΟΣ ΕΤΑΙΡΙΑ ΕΠΕΝΔΥΣΕΩΝ ΧΑΡΤΟΦΥΛΑΚΙΟΥ, από την MARFIN FINANCIAL GROUP Α.Ε - Αλλαγή Επωνυμίας". Athens Exchange Group (in Greek). Retrieved 15 February 2023.
- "ΕΝΗΜΕΡΩΤΙΚΟ ∆ΕΛΤΙΟ ΓΙΑ ΤΗΝ ΕΙΣΑΓΩΓΗ ΠΡΟΣ ∆ΙΑΠΡΑΓΜΑΤΕΥΣΗ ΣΤΟ ΧΡΗΜΑΤΙΣΤΗΡΙΟ ΑΘΗΝΩΝ 25.000.000 ΝΕΩΝ ΟΝΟΜΑΣΤΙΚΩΝ ΜΕΤΟΧΩΝ ΤΗΣ ΕΤΑΙΡΕΙΑΣ ΠΟΥ ΠΡΟΗΛΘΑΝ ΑΠΟ ΤΗΝ ΑΥΞΗΣΗ ΤΟΥ ΜΕΤΟΧΙΚΟΥ ΚΕΦΑΛΑΙΟΥ ΤΗΣ ΕΤΑΙΡΕΙΑΣ ΜΕ ΚΑΤΑΒΟΛΗ ΜΕΤΡΗΤΩΝ ΓΙΑ ΤΗΝ ΑΝΤΛΗΣΗ ΚΕΦΑΛΑΙΩΝ ΥΨΟΥΣ € 400 ΕΚ. ΣΥΜΦΩΝΑ ΜΕ ΤΗΝ ΑΠΟΦΑΣΗ ΤΗΣ Β΄ ΕΠΑΝΑΛΗΠΤΙΚΗΣ ΕΚΤΑΚΤΗΣ ΓΕΝΙΚΗΣ ΣΥΝΕΛΕΥΣΗΣ ΤΩΝ ΜΕΤΟΧΩΝ ΤΗΣ 29.09.2005". Marfin Financial Group. Retrieved 15 February 2023.
- ^ "Profile". Athens Exchange Group. Retrieved 15 February 2023.
- ^ "MIG Holdings S.A."
- "MIG seals deal with Strix Holdings". ekathimerini.com. Retrieved 1 December 2023.
- "Group Holdings". MIG Holdings S.A. Retrieved 15 February 2023.
- A new era in Cyprus corporate history-(Cyprus Mail archive article - Thursday, September 21, 2006) "Archived copy". Archived from the original on 2007-09-30. Retrieved 2013-04-04.
{{cite web}}: CS1 maint: archived copy as title (link) - "Olympic Air now an Aegean subsidiary; new operations outlined". ch-aviation. Retrieved 2022-07-22.
- MIG interest in Jat Airways Archived 2009-12-03 at the Wayback Machine
- Team, ΤοΒΗΜΑ (2013-07-22). "Καταδίκη σε τρία στελέχη της Marfin για την τραγωδία του 2010". Ειδήσεις - νέα - Το Βήμα Online (in Greek). Retrieved 2022-12-09.
External links
 Selected FTSE/Athex Large Cap companies of Greece (2 July 2017) | |
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