Opinion: Fairfield and Penelope

Last nightthis publication reported that Matt Fairfield's insurance
start-up Exin had asked the Bank of Greece for an extension on
providing details on the financing of its proposed EUR718mn
($894mn) acquisition of a majority stake in state-owned insurer
Ethniki.
Let's be clear on what this latest twist in the Exin story
means.
Exin and then-cornerstone backer Calamos Asset Management agreed
a deal to buy Ethnikiin June last year after an auction process contested by Chinese
conglomerate Fosun.