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General

Forthnet banks convert debt to shares

Monday 4 March 2019 | 09:41 CET | News
Forthnet said its share capital was raised by EUR 2.617 million and 8.723 million new ordinary shares were issued following the exercise of the conversion right from the bondholders of a total of 8.723 million convertible bonds. These are from the bond issued in November 2016 to its main creditor banks, which thus increase further their stake in the Greek operator. The planned conversion was first announced a month ago.

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Categories: General
Companies: Forthnet
Countries: Greece
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