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MIG to keep Vivartia listed October 10, 2007

Posted by grhomeboy in Business & Economy.
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MIG to keep Vivartia listed, plans private placement

Marfin Investment Group (MIG) said yesterday it had increased its stake in listed food company Vivartia to 91.47 percent.

MIG intends to keep Vivartia listed and will proceed to a private placement of its shares to strategic and institutional investors, to be announced by the end of the month. The company has not yet decided on the number or price of the shares to be placed, but they will definitely cost more than 25 euros per share, the price MIG paid to acquire them.

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