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Provider: Reuters Investment Profile
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VTB Bank OAO May Sell Part Of Tele2 AB Stake To Bank Rossiya-Reuters


Monday, 24 Jun 2013 04:14am EDT 

Reuters reported that Rossiya may buy a 30% stake in telecoms operator Tele2 AB from fellow lender VTB Bank OAO as a first step to selling the Company to state-controlled Rostelecom. State-controlled bank VTB bought 100% of shares in Nordic telecom Tele2's TEL2b.ST Russian business in April for $3.55 billion. Analysts have said they expect VTB to sell the firm on to another party, with many pointing to Rostelecom, the country's fifth largest telecoms operator, as an option. 

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11 Jul 2014