BC Partners is set to land Forthnet

Forthnet's creditors have entered into exclusive negotiations with BC Partners, whose subsidiary, United Group, has offered to acquire the Greek telecommunication company. In addition to obtaining Forthnet's shares from its creditors, this will also entail taking on its obligations and financing the company until the completion of the agreement. It has asked for nothing from the banks.

With such a binding offer in place, it was natural that United Group should be chosen for exclusive negotiations that it appears will end up in the transfer of the entire sum of loans worth 310 million euros, as well as the shares that banks control, which are close to one-third of the share capital. Kathimerini has confirmed that the price offered for the shares is more than 40 million euros.

Nevertheless the final cost of the move by BC Partners, which is headed by Nikos Stathopoulos,...