Saturday, July 30, 2005
Vimpelcom
Story:Vimpelcom, the Russian listed cellular telco, said it has not changed its position regarding a takeover of the Ukrainian mobile company, Ukrainian Radiosystems [URS]. This was according to a unsourced report in Kommersant.
Vimpelcom management regarded the deal as profitable for the company, the report said. However, the transaction has not been approved by its board of directors.
Alfa Group, Vimpelcoms Russian shareholder, supports the deal. Vimpelcom is set to make a decision whether to takeover URS at its extraordinary general meeting, which would be held on 15 August. Meanwhile, Telenor, the Norwegian shareholder of Vimpelcom, was opposing the deal.
As previously reported, URS deal is worth USD 206.5m.
Source:Kommersant
Value:$207m (Reported URS deal value) "
Vimpelcom management regarded the deal as profitable for the company, the report said. However, the transaction has not been approved by its board of directors.
Alfa Group, Vimpelcoms Russian shareholder, supports the deal. Vimpelcom is set to make a decision whether to takeover URS at its extraordinary general meeting, which would be held on 15 August. Meanwhile, Telenor, the Norwegian shareholder of Vimpelcom, was opposing the deal.
As previously reported, URS deal is worth USD 206.5m.
Source:Kommersant
Value:$207m (Reported URS deal value) "
