The Russian state has decided to sell its 21% stake in regional fixed-line operator Central Telegraph to Svyazinvest without a tender.
Svyazinvest spokesperson Yuliana Sokolenko said that neither the price nor the timetable for the transaction had been…
The Russian state has decided to sell its 21% stake in regional fixed-line operator Central Telegraph to Svyazinvest without a tender.
Svyazinvest spokesperson Yuliana Sokolenko said that neither the price nor the timetable for the transaction had been set yet. Media reports suggested that the state property fund sought a minimum amount of Rbs902m (E23m).
Svyazinvest, which is currently undergoing a major restructuring, already owns 51% of voting shares in Central Telegraph. The government had previously envisaged selling the stake through an auction.
