News:Argos:Greek MIG buys 50 pct of Croat tourism group Sunce

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Greek buyout firm Marfin Investment Group (MIG) (MRFr.AT: Quote, Profile, Research) bought a 50 percent stake in Croatian tourism group Sunce Koncen as part of its expansion plans, MIG said in a statement on Monday.

MIG paid 90 million euros ($141.3 million) for the stake in Sunce, which operates 11 hotels along the Adriatic coast, has a majority stake in a local airport and owns 860,000 square meters of development land, MIG said in an Athens bourse filing.

Reuters


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