After the proposal of Dubai Financial to acquire 31.5% of the Greek investment company Marfin, which acquired 9.98% of Laiki Group recently, the latter has indirectly absorbed Arabic capital.

According to StockWatch sources, Dubai Financial and Marfin have already reached an agreement, which will be completed in two months. The Arabian company offers €400 million for the acquisition of 31.5% of Marfin and has already assigned the detailed audit of the financial statements of Marfin and all the investments that it has in and outside Greece to a European firm.

Same sources reveal that the interest on behalf of Dubai Financial, which is subsidiary of Dubai Investment (one of world’s largest investment companies), derives from the fact that it seeks for a participation in Greek and Cypriot banks. At the same time, Dubai Financial will have an indirect interest for all companies in which Marfin has a stake, such as the Popular Bank, the Investment Bank of Greece, Egnatia and Ygeia medical center.

“It is a significant participation of foreign capital in the Greek investment company”, economic circles in Cyprus told StockWatch.