Marfin enlists Deutsche, MS as cap increase bookrunners

ATHENS, Oct 27 (Reuters) - Greek buyout firm Marfin Investment Group (MIG) MRFr.AT said on Monday it has hired Deutsche Bank DBKGn.DE and Morgan Stanley as joint bookrunners for a 5 billion euro ($6.29 billion) capital increase.

“MIG’s board has assigned the roles of Joint Global Coordinators and Joint Bookrunners for the ... capital increase to Deutsche Bank and Morgan Stanley,” MIG said in a statement. “UBS has also been assigned as joint bookrunner.”

Credit Agricole Cheuvreux, Keefe, Bruyette and Woods, and Investment Bank of Greece were assigned co-lead managers, the statement said. Last month MIG, whose major shareholder is Dubai Financial Group, said it was seeking 5 billion euros via an aggressively priced capital increase to fund banking investments in Greece and fast-growing southeast Europe.

MIG has said it plans to issue 834 million new shares at 6 euros per share by private placement to institutional investors at the discretion of the board of directors. It is scheduled to seek shareholder approval for the scheme later on Monday. (Reporting by George Hatzidakis; editing by John Stonestreet)