ECONOMY

MIG continues with 5-bln-euro rights issue

Andreas Vgenopoulos, the vice chairman of Marfin Investment Group (MIG), is seen in this file photo. MIG announced on Monday that it has hired Deutsche Bank and Morgan Stanley as joint bookrunners for a 5-billion-euro capital increase. ‘MIG’s board has assigned the roles of joint global coordinators and joint bookrunners for the… capital increase to Deutsche Bank and Morgan Stanley,’ MIG said. ‘UBS has also been assigned as joint bookrunner.’ Last month MIG, whose major shareholder is Dubai Financial Group, said it was seeking 5 billion euros via an aggressively priced capital increase to fund banking investments in Greece and fast-growing Southeast Europe.