Mobitel Acquires Minority Shareholder Stake in Rostelekom OAO from Gazprombank OAO; Gazprombank OAO Obtains Stake in Rostelekom OAO

Friday, 15 Nov 2013 06:42am EST 

Rostelekom OAO (Rostelecom) announced that Rostelecom's subsidiary LLC Mobitel (Mobitel) has agreed to acquire 7.45% of Rostelecom's ordinary shares from Gazprombank OAO (Gazprombank) in a transaction worth RUB 25.2 billion. The deal sees Mobitel's share of Rostelecom's ordinary shares increase to 9.38%. Gazprombank has also simultaneously obtained a stake in Rostelecom. 

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