United Group raises Forthnet stake to 96.8%

4 Mar 2021

Amsterdam-based United Group now controls more than 96.8% of the shares of Greek ISP and pay-TV provider Forthnet following the completion of a mandatory tender offer for outstanding shares, Capital writes. The group said that it will now exercise its right of redemption to purchase all remaining shares before delisting Forthnet from the Athens Stock Exchange. United Group acquired an initial 33% stake in Forthnet in June last year and since then has been buying out fellow shareholders such as Greek operator Wind Hellas and Maltese telco GO.

Greece, Nova (formerly Forthnet), United Group