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Tele2 main owner Kinnevik says stands behind VTB deal
March 28, 2013 / 7:56 AM / in 5 years

Tele2 main owner Kinnevik says stands behind VTB deal

STOCKHOLM, March 28 (Reuters) - 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

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