Wind to complete restructuring deals by 15 November

26 Oct 2009

Greek full-service telecoms operator Wind Hellas aims to complete a transaction to restructure its EUR3.2 billion debts via bids from existing and prospective shareholders by 15 November. reported on Friday that binding bids were thought to have come from Wind’s Egyptian parent group Weather Investments, private equity funds Texas Pacific Group, Apax Partners and Blackstone, as well as holders of subordinated bonds represented by Aladdin Capital Management. On the same day alternative Greek telco ForthNet said in a statement to the Athens Stock Exchange that it had decided not to make a binding offer for a share in its rival.

Greece, Nova (formerly Forthnet), Wind Hellas