The repercussions for Marfin FG from the merger of interinvest and Nexus
As it is already known, the board of directors of the companies Interinvest and Nexus decided to propose to the general assemblies of their shareholders the merger of the two companies via the absorption of Nexus from Interinvest.
MARFIN FINANCIAL GROUP, via the subsidiary company MARFIN GLOBAL ASSET MANAGEMENT, has undertaken the portfolio management of INTERINVEST the assets of which, after the completion of the merger, are expected to increase by some euro 10,000,000. It is estimated that the scheduled merger will influence positively the revenues of MARFIN F.G. ?on consolidated level-by some euro 300,000 i.e. euro 0.012 per share.
It should be noted that the assets of INTERINVEST after the merger will amount to ?22 million, while the objective of the conservative investment policy that will be followed will be among other things, the achievement of a dividend yield that would be higher than the corresponding return of deposit products.