Forgendo, the vehicle in which communications group Go plc has a joint interest, kept up its interest in Forthnet stock by purchasing a further 32,296 shares in the Greek telecoms company this week.
Earlier this month, Forgendo, jointly held by Go plc and its major shareholder Emirates International Telecommunications (Malta Limited) increased its shareholding in Forthnet to 40.71 per cent after acquiring 1,299, 439 shares.
Go’s interim balance sheet last September bore the brunt of a €7.3 million loss from its share of results in the investment in Forthnet which at the time stood at 39.9 per cent.