Fourlis, Marfin Popular, Piraeus Bank: Greek Equity Preview

The following stocks may be active in the Greek market. Symbols are in parentheses after company names and prices are from the previous close.

The benchmark ASE Index lost 9.98, or 0.7 percent, to 1,413.94. The FTSE/ASE 20 Index of the country’s biggest companies declined 0.6 percent to 663.1. The Cypriot General Index gained 0.6 percent to 1,055.21.

Fourlis Holdings SA (FOYRK GA): UBS AG’s voting rights in the Ikea franchise-holder for Greece, Bulgaria and Cyprus dropped to below 5 percent as of Dec. 28, Athens-based Fourlis announced in a bourse filing. The stock added 0.4 percent to 5.61 euros.

Marfin Popular Bank Pcl. (MARFB GA): Today is the last day shares in the second-biggest lender on the island of Cyprus trade with the right to participate in a capital increase. The shares gained 3.6 percent to 1.15 euros.

Piraeus Bank SA (TPEIR GA): The management of Greece’s fourth-biggest lender meets today to decide the details of a planned 1.05 billion-euro capital increase via a rights offering and the sale of convertible bonds. The shares advanced 0.3 percent to 3.65 euros.

To contact the reporter on this story: Natalie Weeks in Athens nweeks2@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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