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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Irf European Finance Investments Ltd | LSE:IRF | London | Ordinary Share | BMG493831058 | COM SHS USD0.0015 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0018 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2776A IRF European Fin Investments Ltd 16 July 2007 IRF European Finance Investments Ltd 16 July 2007 IRF European Finance Investments Ltd. ('IRF' or the 'Company') IRF sells approximately 3.5 million shares in Marfin Popular Bank IRF confirms that it has sold approximately 3.5 million shares held by IRF in Marfin Popular Bank ('MPB') in the open market for approximately Euro34.0 million, net of all commissions. Earlier this year, IRF acquired approximately 41.4 million shares in MPB through a series of transactions for a total cash consideration of approximately Euro330.1 million. The average cost per MPB share acquired by IRF was Euro7.97 and the recent sale realised an average net sale price of Euro 9.66 per MPB share. The aggregate realised gain for IRF on this investment, being approximately Euro6.0 million, represents a 21.2% return. As a result of this disposition, IRF holds approximately 37.9 million shares of MPB. About IRF IRF was formed to invest in the financial services industry throughout Europe with a primary focus on credit institutions and insurance companies in South Eastern Europe. IRF's current strategy is the acquisition of financial institutions having valuations which do not reflect their potential and where marketing and operational efficiencies are possible. IRF owns a 20.56% interest in Proton Bank S.A.('Proton') and a 4.76% interest in Marfin Popular Bank. Proton is a full service financial services institution, including retail and investment banking as well the provision of specialized corporate advisory and investment services. Proton is listed on the Athens Shares Exchange under the symbol 'PRO'. For more information about Proton, please see www.proton.gr. MPB is full-services financial institution that was created through the recent merger of Marfin Financial Group, Laiki Hellas and Egnatia Bank. As a result, MPB is a regional financial institution with 312 branches in 12 countries. MPB is listed on the Athens Shares Exchange under the symbol 'MARFB'. For more information about MPB, please see www.laiki.com. Enquiries of the Company may be made to the Company's Nominated Adviser, Numis Securities Limited, attn: Jagjit Mundi (+44 20 7260 1284) or Nick Westlake (+44 20 7260 1345). This information is provided by RNS The company news service from the London Stock Exchange END DISGUUAPMUPMUMQ
1 Year Irf European Finance Inv... Chart |
1 Month Irf European Finance Inv... Chart |
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