Nomura to seek out investors for Forthnet

Greece’s four main 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 main 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 take a stance.