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Olympiakos boss officially acquires 22.11 pct stake in private TV station Mega

Featured Olympiakos boss officially acquires 22.11 pct stake in private TV station Mega

Greek shipping tycoon and Olympiaκos football club owner Vangelis Marinakis officially acquired a 22.11 percent stake in private TV station Mega on Wednesday, the company operating the broadcaster, Teletypos SA, announced in a press release at the Athens stock exchange. 

According to the press release, Marinakis' company Alter Ego bought 22,287,362 stocks in the company, corresponding to a 22.11 percent stake. 
In May, Alter Ego submitted the largest bid for the acquisition of struggling Lambrakis Press Group (DOL)- which owned the 22.11 stake in Mega- totaling 22.89 million euros.

The deal was ratified by Greek first-instance court in July after the auction procedure to sell the company was challenged by Dimera, a firm representing the interests of businessman Ivan Savvidis, which had submitted the lowest bid.