Greece’s four systemic banks on Thursday authorized Japanese company Nomura International to seek a strategic investor for telecom provider Forthnet, in a bid to cover the Greek corporation’s financial exposure.
The four banks have become Forthnet’s principal shareholders and their move – less than 24 hours after assuming control 32.7 percent of the telecom’s share capital – indicates that the lenders intend to depart once a strategic investor is found.
This also opens a new front in the local market as Forthnet stakeholders Wind Hellas and Vodafone Greece will be asked to adopt a stance.
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Source: ekathimerini.com
