August 12, 2010 / 5:05 AM / 9 years ago

Vimpelcom Ltd eyes Italy's Wind, Egypt's Orascom-paper

MOSCOW, Aug 12 (Reuters) - Telecoms group Vimpelcom Ltd VIP.N may buy Italy’s No.3 mobile operator Wind and 51 percent of Egypt’s Orascom Telecom ORTE.CA from tycoon Naguib Sawiris, paying with cash and shares, Kommersant reported on Thursday.

Sawiris and his partners may get around 20-23 percent of voting shares in Vimpelcom Ltd. which currently has a market value of $22.6 billion, Kommersant quoted an unnamed source familiar with Vimpelcom’s plans as saying.

The deal, worth an estimated $6.5 billion without debt, may be closed soon, the business daily wrote citing another unspecified source.

A spokeswoman from Vimpelcom declined comment to Reuters.

According to Kommersant, Vimpelcom’s main shareholders, Norway’s Telenor (TEL.OL) and Russia’s Alfa Group would see their stakes decrease to 27 percent and 35 percent of voting shares respectively, from 36.03 percent and 44.65 percent. (Reporting by Dmitry Sergeyev and Maria Kiselyova; Editing by Anshuman Daga)

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