Marfin Investment Group goes shopping

The Marfin Investment Group has announced that it has come to an agreement with Verano Motors over ownership of RK Beograd--a  retail department store chain in Serbia (36 stores).

The deal gives them a majority two-thirds stake in the department store chain. The groupnow now owns 66.67 percent owner of the third largest sales chain in Serbia.

DF: Marfin has shown a huge interest in expanding into Serbia, where it already has a strong presence in the banking industry.

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posted on Wednesday, October 31

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