MIG Holdings

{{Short description|Greek investment company}} {{for|the bank operating in Cyprus and Greece|Marfin Popular Bank}} {{Infobox company | name = MIG Holdings S.A.<ref name="MIGprofile">{{cite web |title=Company Profile |url=https://www.migholdingssa.com/en/Company-Profile |website=MIG Holdings |access-date=13 November 2023}}</ref><ref name="stock-profile">{{cite web |title=Profile |url=https://www.athexgroup.gr/stock-profile/-/select-stock/325 |website=Athens Exchange Group |access-date=15 February 2023}}</ref> | logo = MIG_logo_500x85.gif | trade_name = MIG<ref name="gemi">{{cite web |title=Στοιχεία Δημοσιότητας |url=https://www.businessregistry.gr/publicity/show/3467301000 |website=Business Registry |publisher=Union of Hellenic Chambers Of Commerce |access-date=15 February 2023 |language=el}}</ref> | native_name = MIG ΑΝΩΝΥΜΟΣ ΕΤΑΙΡΕΙΑ ΣΥΜΜΕΤΟΧΩΝ<ref name="gemi" /> | native_name_lang = el | former_name = {{Unbulleted list|ΙΝΤΕΡΤΥΠ|Comm Group|Marfin Financial Group|Marfin Investment Group<ref name="maritime-merger">{{cite web |title=Εναρξη διαπραγμάτεσης νέων μετοχών κατόπιν έγκρισης της συγχώνευσης με απορρόφηση των MARITIME AND FINANCIAL INVESTMENTS ΑΝΩΝΥΜΟΣ ΕΤΑΙΡΙΑ ΣΥΜΜΕΤΟΧΩΝ και MARFIN CLASSIC ΑΝΩΝΥΜΟΣ ΕΤΑΙΡΙΑ ΕΠΕΝΔΥΣΕΩΝ ΧΑΡΤΟΦΥΛΑΚΙΟΥ, από την MARFIN FINANCIAL GROUP Α.Ε - Αλλαγή Επωνυμίας |url=https://www.athexgroup.gr/el/permalink/-/asset_publisher/contentdispl/content/enarxe-diapragmateses-neon-metochon-katopin-enkrises-tes-synchoneuses-me-aporrophese-ton-maritime-and-financial-investments-anonymos-etairia-symmetoch |website=Athens Exchange Group |access-date=15 February 2023 |language=el}}</ref>}} | type = Public | traded_as = {{Athex|MIG}} | ISIN = GRS314003005<ref name="stock-profile" /> | industry = Holding company | founded = {{Start date and age|1988|03|10|df=yes}}<ref name="gemi" /><ref name="Dec2005">{{cite web |title=ΕΝΗΜΕΡΩΤΙΚΟ ∆ΕΛΤΙΟ ΓΙΑ ΤΗΝ ΕΙΣΑΓΩΓΗ ΠΡΟΣ ∆ΙΑΠΡΑΓΜΑΤΕΥΣΗ ΣΤΟ ΧΡΗΜΑΤΙΣΤΗΡΙΟ ΑΘΗΝΩΝ 25.000.000 ΝΕΩΝ ΟΝΟΜΑΣΤΙΚΩΝ ΜΕΤΟΧΩΝ ΤΗΣ ΕΤΑΙΡΕΙΑΣ ΠΟΥ ΠΡΟΗΛΘΑΝ ΑΠΟ ΤΗΝ ΑΥΞΗΣΗ ΤΟΥ ΜΕΤΟΧΙΚΟΥ ΚΕΦΑΛΑΙΟΥ ΤΗΣ ΕΤΑΙΡΕΙΑΣ ΜΕ ΚΑΤΑΒΟΛΗ ΜΕΤΡΗΤΩΝ ΓΙΑ ΤΗΝ ΑΝΤΛΗΣΗ ΚΕΦΑΛΑΙΩΝ ΥΨΟΥΣ € 400 ΕΚ. ΣΥΜΦΩΝΑ ΜΕ ΤΗΝ ΑΠΟΦΑΣΗ ΤΗΣ Β΄ ΕΠΑΝΑΛΗΠΤΙΚΗΣ ΕΚΤΑΚΤΗΣ ΓΕΝΙΚΗΣ ΣΥΝΕΛΕΥΣΗΣ ΤΩΝ ΜΕΤΟΧΩΝ ΤΗΣ 29.09.2005 |url=https://athexgroup.gr/documents/10180/1432379/MARFIN+INVESTMENT+GROUP+%CE%91.%CE%95.+%CE%A3%CE%A5%CE%9C%CE%9C%CE%95%CE%A4%CE%9F%CE%A7%CE%A9%CE%9D%20%2819-%CE%94%CE%B5%CE%BA-2005%29/ae362c3d-b06f-4da2-aa85-776f6f961ad4 |publisher=Marfin Financial Group |access-date=15 February 2023}}</ref> | hq_location_city = Athens | hq_location_country = Greece<ref name="gemi" /> | area_served = {{Unbulleted list|Greece|Serbia}} | key_people = {{Unbulleted list|Georgios Efstratiadis (CEO)|Petros Katsoulas (Chairperson)}}<ref name="company-profile">{{cite web |title=Profile |url=https://www.athexgroup.gr/company-profile/-/select-company/256 |website=Athens Exchange Group |access-date=15 February 2023}}</ref> | revenue =€359.84 million (2021)<ref name="marfininvestmentgroup.com">{{cite web | url=https://www.migholdingssa.com/en/annual-quarterly-results/2021 | title=MIG Holdings S.A. }}</ref> | operating_income = €13.03 million (2021)<ref name="marfininvestmentgroup.com">{{cite web | url=https://www.migholdingssa.com/en/annual-quarterly-results/2021 | title=MIG Holdings S.A. }}</ref> | net_income = €(25.64) million (2021)<ref name="marfininvestmentgroup.com">{{cite web | url=https://www.migholdingssa.com/en/annual-quarterly-results/2021 | title=MIG Holdings S.A. }}</ref> | assets = €1.222 billion (2021)<ref name="marfininvestmentgroup.com">{{cite web | url=https://www.migholdingssa.com/en/annual-quarterly-results/2021 | title=MIG Holdings S.A. }}</ref> | equity = €107.61 million (2021)<ref name="marfininvestmentgroup.com">{{cite web | url=https://www.migholdingssa.com/en/annual-quarterly-results/2021 | title=MIG Holdings S.A. }}</ref> | owner = Piraeus Financial Holdings (87.7948%)<ref name="stock-profile" /><ref name="attica-deal">{{cite web |title=MIG seals deal with Strix Holdings |url=https://www.ekathimerini.com/economy/1210870/mig-seals-deal-with-strix-holdings/ |website=ekathimerini.com |access-date=1 December 2023}}</ref> | num_employees = 2,151 (2022)<ref name="company-profile" /> | subsid = {{Unbulleted list|Robne kuće Beograd}}<ref name="group-holdings">{{cite web |title=Group Holdings |url=https://www.migholdingssa.com/en/group-holdings.aspx |website=MIG Holdings S.A. |access-date=15 February 2023}}</ref> | website = {{URL|https://www.migholdingssa.com/en/}} }}

'''MIG Holdings S.A. ''' (also known as '''MIG''') is a Greek investment company. It has acquired several companies and has changed name several times since. In 2004 it took the name ''Marfin Financial Group'' following the triple merger of ''Comm Group'', ''Marfin Classic Α.Ε.Ε.Χ'' and ''Maritime and Financial Investments''.

Its shares are currently listed on the Athens Stock Exchange.

==History==

=== Finance history === In 2006 the Dubai Group bought a 35% stake in the company. {{As of|2012|8|31}}, 17.28% of MIG is owned by Dubai Group. In 2006 Marfin Investment Group acquired HSBC's shares in the now-defunct Laiki Bank, establishing a strong minority share position. Subsequently, the group acquired control of Laiki, which it re-branded as Marfin Popular Bank.<ref>''A new era in Cyprus corporate history-(Cyprus Mail archive article - Thursday, September 21, 2006)'' {{cite web|url=http://www.cyprus-mail.com/news/main.php?id%3D28008%26archive%3D1 |title=Archived copy |accessdate=2013-04-04 |url-status=dead |archiveurl=https://web.archive.org/web/20070930015014/http://www.cyprus-mail.com/news/main.php?id=28008&archive=1 |archivedate=2007-09-30 }}</ref>

On 17 March 2008, MIG announced it sold its 20% of Greek telecommunications company OTE to Deutsche Telekom.

On 6 March 2009, MIG won the deal to acquire Olympic Airlines making it a private airline. The airline was renamed Olympic Air soon after. On 22 February 2010, Olympic Air and main competitor Aegean 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 of Aegean Airlines.<ref>{{Cite web |title=Olympic Air now an Aegean subsidiary; new operations outlined |url=https://www.ch-aviation.com/portal/news/22785-olympic-air-now-an-aegean-subsidiary-new-operations-outlined |access-date=2022-07-22 |website=ch-aviation |language=en}}</ref>

In December 2009, MIG announced their intention in purchasing Serbian airline Jat Airways with an eventual merger with Olympic Air.<ref>[http://www.balkans.com/open-news.php?uniquenumber=42646 MIG interest in Jat Airways] {{webarchive|url=https://web.archive.org/web/20091203165357/http://www.balkans.com/open-news.php?uniquenumber=42646 |date=2009-12-03 }}</ref>

=== Arson attack on Athens branch === On May 5, 2010 during anti-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.<ref>{{Cite web |last=Team |first=ΤοΒΗΜΑ |date=2013-07-22 |title=Καταδίκη σε τρία στελέχη της Marfin για την τραγωδία του 2010 |url=https://www.tovima.gr/2013/07/22/society/katadiki-se-tria-stelexi-tis-marfin-gia-tin-tragwdia-toy-2010/ |access-date=2022-12-09 |website=Ειδήσεις - νέα - Το Βήμα Online |language=el}}</ref>

==Holdings== As of 2023, MIG's principal equity holdings consisted of:)

* {{Flag icon|SRB}} Robne kuće Beograd (83.11% owned)

==References== <references />

==External links== *{{official website|https://www.migholdingssa.com}}

Category:Financial services companies established in 1998 Category:Private equity firms of Greece Category:Greek brands Category:Companies listed on the Athens Exchange