December 27, 2017 / 7:26 AM / 8 months ago

BRIEF-Russia's MegaFon Buys Stake In Forpost For $3.1 Million

Dec 27 (Reuters) - MegaFon:

* SAYS IT HAS COMPLETED THE ACQUISITION OF A 12.5% STAKE IN FORPOST FROM ITS SOLE SHAREHOLDER ANTON CHEREPENNIKOV

* THE CONSIDERATION FOR THE ACQUISITION WAS US$ 3.125 MILLION, PAID IN RUBLES ON DEC. 26

* FORPOST IS THE HOLDING COMPANY FOR TALMER, A SYSTEMS INTEGRATOR AND COMPLEX IT SOLUTIONS PROVIDER IN RUSSIA

* MEGAFON HAS ALSO OBTAINED AN OPTION TO BUY AN ADDITIONAL 12.5% STAKE IN FORPOST WITHIN THE 12-MONTH PERIOD FROM THE COMPLETION OF THE ACQUISITION

* IT HAS ALSO AN OPTION TO SELL ITS ENTIRE INTEREST BACK TO CHEREPENNIKOV AT ANY TIME

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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