Greece looks to cap MIG stake in OTE at 20% (Greece)The Greek government has set a cap of 20 percent for shareholdings in strategically sensitive companies, a move seen as restraining Marfin Investment Group’s growing stake in national fixed-line operator OTE. Investors will now need government approval to raise a shareholding in a strategic company over 20 percent, writes Kathimerini. “This approval will be given if certain criteria are met for the protection of the public interest,” said finance minister Giorgos Alogoskoufis without providing further details. Ministry sources said the measure to limit shareholdings has the support of the European Union.
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