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Athens News Agency: News in English, 07-12-07

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

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

CONTENTS

  • [01] MIG stake in OTE at 18.45%, telecom says
  • [02] Gov't cites 'El Al model' for Olympic Airlines

  • [01] MIG stake in OTE at 18.45%, telecom says

    The Hellenic Telecommunications Organisation's (OTE) management on Friday issued an announcement clarifying that stake owned by the Marfin Investment Group (MIG) in the state-run telecoms and telephony utility is 18.4551 percent, representing 90,457,663 shares and the equivalent voting rights.

    MIG Holding Co. SA's participation in OTE's share capital included a 7.8924-percent share corresponding to 38,684,693 OTE shares and equivalent voting rights owned by MIG directly, and a percentage of 10.5627 percent representing 51,772,970 OTE shares and incorporated voting rights that MIG has the right to acquire under the terms of total return equity swap agreement, whose voting rights are exercised according to MIG's instructions.

    The above percentage (10.5627 percent) participation includes 4.4421 percent that corresponds to 21,772,970 shares and voting rights that arise under the terms of a total return equity swap agreement made by MIG and CommerzBank AG, announced on Oct. 22, 2007.

    Caption: File photo of OTE's headquarters in the northern Athens district of Maroussi. ANA-MPA / PANTELIS SAITAS

    [02] Gov't cites 'El Al model' for Olympic Airlines


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