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| MIG[3] | |
Native name | MIG ΑΝΩΝΥΜΟΣ ΕΤΑΙΡΕΙΑ ΣΥΜΜΕΤΟΧΩΝ[3] |
| Formerly |
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| Company type | Public |
| Athex: MIG | |
| ISIN | GRS314003005[2] |
| Industry | Holding company |
| Founded | 10 March 1988; 37 years ago (1988-03-10)[3][5] |
| Headquarters | Athens ,Greece[3] |
Area served |
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Key people |
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| Revenue | €359.84 million(2021)[7] |
| €13.03 million(2021)[7] | |
| €(25.64) million(2021)[7] | |
| Total assets | €1.222 billion(2021)[7] |
| Total equity | €107.61 million(2021)[7] |
| Owner | Piraeus Financial Holdings (87.7948%)[2][8] |
Number of employees | 2,151(2022)[6] |
| Subsidiaries | [9] |
| Website | www |
MIG Holdings S.A. (also known asMIG) is aGreekinvestment company. It has acquired several companies and has changed name several times since. In 2004 it took the nameMarfin Financial Group following the triple merger ofComm Group,Marfin Classic Α.Ε.Ε.Χ andMaritime and Financial Investments.
Its shares are currently listed on theAthens Stock Exchange.
In 2006 theDubai Group bought a 35% stake in the company. As of 31 August 2012[update], 17.28% of MIG is owned byDubai Group.In 2006 Marfin Investment Group acquired HSBC's shares in the now-defunctLaiki Bank, establishing a strong minority share position. Subsequently, the group acquired control of Laiki, which it re-branded asMarfin Popular Bank.[10]
On 17 March 2008, MIG announced it sold its 20% ofGreek telecommunications companyOTE toDeutsche Telekom.
On 6 March 2009, MIG won the deal to acquireOlympic Airlines making it a private airline. The airline was renamedOlympic Air soon after. On 22 February 2010, Olympic Air and main competitorAegean 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 ofAegean Airlines.[11]
In December 2009, MIG announced their intention in purchasingSerbian airlineJat Airways with an eventual merger withOlympic Air.[12]
On May 5, 2010 duringanti-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.[13]
As of 2023, MIG's principal equity holdings consisted of:)
Robne kuće Beograd (83.11% owned){{cite web}}: CS1 maint: archived copy as title (link)
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