STOCKHOLM, March 28 Swedish investment firm Kinnevik said on Thursday it fully backed a deal agreed by Tele2 to sell its Russian unit to banking group VTB for $3.5 billion.
"We are completely behind the deal that Tele2 presented yesterday," Torun Litzen, investor relations at Kinnevik said.
She declined to make further comments.
Tele2, in which Kinnevik has a 47.9 percent stake, announced the deal late Tuesday. Early on Wednesday, the investment arm of Russian billionaire Mikhail Fridman said it was ready to offer a higher price and would consider buying the whole of Tele2.
(Reporting by Simon Johnson)