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MegaFon OAO Completes Acquisition Of 100% Interest In Scartel / Yota


Wednesday, 2 Oct 2013 02:00am EDT 

MegaFon OAO announced the completion of the acquisition of a 100% interest in Maxiten Co Limited (Maxiten), which holds a 100% interest in Scartel and Yota (Scartel/Yota), from Garsdale Services Investment Limited (Garsdale), MegaFon's controlling shareholder. Pursuant to the decision taken at the Company's Extraordinary General Meeting of Shareholders on September 12, 2013, MegaFon has completed the Acquisition of a 100% interest in Maxiten, 99% of which was acquired directly from Garsdale and 1% was acquired from Kable Global Inc., a wholly owned subsidiary of Garsdale. The total consideration for the acquisition was $1.180 billion (the Equity Consideration) plus the assumption and/or guarantee of the Net Debt of Scartel/Yota as at October 1, 2013 (the Closing Date). 

Company Quote

19.0
0.0 +0.00%
11 Jul 2014