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Ukraine suspends VimpelCom/Kyivstar merger approval
Ukraine’s anti-monopoly committee has reversed its decision to approve the merger of Russian operator VimpelCom with Ukrainian operator Kyivstar, according to media reports.
The anti-trust authority gave its approval in March, but the decision could…
Ukraine’s anti-monopoly committee has reversed its decision to approve the merger of Russian operator VimpelCom with Ukrainian operator Kyivstar, according to media reports.
The anti-trust authority gave its approval in March, but the decision could reportedly take several months to be reviewed.
This is an unexpected setback for Telenor and Alfa Group, which had succeeded in convincing 97.87% of VimpelCom’s shareholders to exchange their shares against the new entity VimpelCom Ltd.
Telenor will hold 38.84% of common shares and 35.42% of voting shares of VimpelCom Ltd, while Altimo will hold 38.46% and 43.89% respectively. The free floats will be 22.7% and 20.69% respectively.
