Arabs enter RK Beograd deal via Greeks?

Investors from Dubai intend to gain control over a Greek company that bought 66 percent of RK Beograd store chain.

Izvor: B92

Wednesday, 31.10.2007.

13:51

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Investors from Dubai intend to gain control over a Greek company that bought 66 percent of RK Beograd store chain. Marfin Investment Group (MIG), which acquired a 66.6 percent share of RK Beograd Monday, is, according to the Greek press, targeted by Dubai-based investors. Arabs enter RK Beograd deal via Greeks? Dubai Group (DG), an investment branch of Dubai Holding, has upped its share in MIG and Marfin Popular Bank. At this point, the DG owns 17 percent of the bank's stock and 9 percent of MIG. But they intend to increase the share to 30 and 20 percent in order to gain majority control in both companies. RK Beograd was sold in auction to Verano Motors from Belgrade for EUR 360mn. However it emerged yesterday that the Greek company stood behind the acquisition.

Arabs enter RK Beograd deal via Greeks?

Dubai Group (DG), an investment branch of Dubai Holding, has upped its share in MIG and Marfin Popular Bank.

At this point, the DG owns 17 percent of the bank's stock and 9 percent of MIG. But they intend to increase the share to 30 and 20 percent in order to gain majority control in both companies.

RK Beograd was sold in auction to Verano Motors from Belgrade for EUR 360mn. However it emerged yesterday that the Greek company stood behind the acquisition.

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