October 3, 2017 / 6:08 AM / in 14 days

BRIEF-Telia sells 38.5 million shares in Megafon

Oct 3 (Reuters) - Telia

* Result of placing of ordinary shares in Megafon

* Says ‍has agreed to sell an aggregate of 38.5 million ordinary shares in Megafon at a price of RUB 585 per ordinary share​

* Says ‍raising gross proceeds of RUB 22,522 million (equivalent to approximately SEK 3.2 billion) with pro forma positive effect on net debt to EBITDA by approximately 0.1x​

* Says ‍following completion of placing, Telia company owns approximately 19.0 percent of issued share capital of Megafon​

* Says ‍transaction has no impact on Telia company’s guidance for full year 2017​ Source text for Eikon: Further company coverage: (Reporting by Stockholm Newsroom)

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