It was formed by the consolidation of Marfin Investment Group's Egnatia, Laiki and Marfin Banks and was a 95%-owned subsidiary of Marfin Popular Bank (later renamed to Cyprus Popular Bank).
2006 The Greek Marfin Investment Group acquired HSBC's shares in Laiki Bank, establishing a strong minority share position.
As of September 2012, 51% of the company is owned by Marfin Investment Group.
In 2007 Marfin Investment Group acquired 20% of the company, and in March 2008 sold it to Germany's Deutsche Telekom which later increased its stake to 25% plus one vote, matching that of the state.
The major shareholder of Vivartia was the Daskalopoulos family until a 76.89% share was sold to the Marfin Investment Group.
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