Forgendo denies ForthNet exit plan

12 Oct 2012

Forgendo, the major shareholder of Greek alternative telco ForthNet, has issued a statement denying recent reports that it is planning to relinquish its ownership of the company. The declaration reads: ‘Forgendo has no intention to sell its stake in the company and has not entered into any discussions in this regard. At the last extraordinary general meeting of the company, Forgendo made a clear declaration of its intention to participate in the company’s forthcoming share capital increase in such a way as to maintain its current shareholding interest, taking into account the prevailing financial conditions at the time.’

Greece, Forthnet (Nova)