Russian state-owned telecoms holding company Svyazinvest has agreed to buy Development Bank’s 10% stake in long-distance operator Rostelecom for at least Rbs230 (E6) per share by 2013, according to DMeurope quoting local reports.
Svyazinvest has…
Russian state-owned telecoms holding company Svyazinvest has agreed to buy Development Bank’s 10% stake in long-distance operator Rostelecom for at least Rbs230 (E6) per share by 2013, according to DMeurope quoting local reports.
Svyazinvest has undergone a reorganisation in which its regional subsidiaries will be merged into Rostelecom.
The Federal Property Agency holds 75% minus one share in Svyazinvest and Rostelecom is in the process of buying Comstar UTS’ 25% plus one share in the telecoms holding.
Svyazinvest was not immediately available for comments.
