Marfin Investment Completes Sale of 90% Stake in Cyprus Unit

Marfin Investment Group SA (MIG), southeast Europe’s biggest buyout fund, said its Delta Foods SA unit completed the sale of a 90 percent stake in its Cypriot subsidiary, Vivartia Cyprus Ltd.

Delta sold the stake to Cypriot businessmen Alexis Charambilides and Menelaos Shiacolas, Athens-based MIG said today in a filing to the city’s bourse. Marfin said Nov. 23 it would sell the stake in the subsidiary for 42 million euros ($54.7 million).

To contact the reporter on this story: Tom Stoukas in Athens at astoukas@bloomberg.net

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

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