Vimpelcom Ltd. may sell 89.2% of Hong Kong Whutchoa shares in Hong Kong
Today it became known about the possible change of shareholders of Vimpelcom Ltd. - The company can sell about 89.2% of ordinary shares. About this Vimpelcom Ltd. officially announced the US Securities and Exchange Commission (SEC). As of now, this number of shares belongs to the main shareholders of Vimpelcom Ltd. in the person of LetterOne of Mikhail Fridman, German Khan and Mikhail Kuz'michev and Telenor.
According to preliminary information Vimpelcom Ltd. One of the sources familiar with the current situation within the company told the Vedomosti newspaper that it intends to sell the stake to the Hong Kong holding Hutchison. Exact information on the sale of assets is not yet available, but Vimpelcom Ltd. can leave a Russian asset in its portfolio that can later merge with the owners of T2 RTK Holding (Tele2).
Earlier, the Hong Kong Hutchison Whampoa planned to enter into a partnership with Vimpelcom Ltd. in the Italian market. As part of this partnership, the companies agreed to unite the operators Wind and Three, but the deal has not yet received approval from the European Commission. At the moment, the analysis of the potential impact on the local market is only estimated by the European Commission.
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One of the oldest shareholders of Telenor, which invested $ 160 million in the company in 1998, announced in the autumn that it wanted to leave the list of investors as Vimpelcom Ltd. The main reasons for the potential exit from the list of investors of the operator were the complexity of asset management and the impossibility of controlling its activities amid falling capitalization. The situation with the recognition of the existence of corrupt deals in Uzbekistan in February only aggravated this and Telenor announced its desire to find a buyer for its own shareholding in the near future.
Representatives of Vimpelcom Ltd. for the time being, they deny the potential sale of such a stake by shareholders - most likely, the company took such a step to reduce panic among potential shareholders.
According to preliminary information Vimpelcom Ltd. One of the sources familiar with the current situation within the company told the Vedomosti newspaper that it intends to sell the stake to the Hong Kong holding Hutchison. Exact information on the sale of assets is not yet available, but Vimpelcom Ltd. can leave a Russian asset in its portfolio that can later merge with the owners of T2 RTK Holding (Tele2).
Earlier, the Hong Kong Hutchison Whampoa planned to enter into a partnership with Vimpelcom Ltd. in the Italian market. As part of this partnership, the companies agreed to unite the operators Wind and Three, but the deal has not yet received approval from the European Commission. At the moment, the analysis of the potential impact on the local market is only estimated by the European Commission.
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One of the oldest shareholders of Telenor, which invested $ 160 million in the company in 1998, announced in the autumn that it wanted to leave the list of investors as Vimpelcom Ltd. The main reasons for the potential exit from the list of investors of the operator were the complexity of asset management and the impossibility of controlling its activities amid falling capitalization. The situation with the recognition of the existence of corrupt deals in Uzbekistan in February only aggravated this and Telenor announced its desire to find a buyer for its own shareholding in the near future.
Representatives of Vimpelcom Ltd. for the time being, they deny the potential sale of such a stake by shareholders - most likely, the company took such a step to reduce panic among potential shareholders.
Source: https://habr.com/ru/post/299812/
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