Altimo Increases Stake to 40.5% of VimpelCom's Voting Rights
16 Agosto 2012 - 10:25AM
Dow Jones News
MOSCOW--Altimo, part of Russian billionaire Mikhail Fridman's
Alfa Group, last night purchased 305,000,000 shares of common stock
in VimpelCom Ltd. (VIP)--approximately 14.8% of voting rights in
the telecoms operator--from Weather Investments II for $3.6
billion, boosting its holding to 40.5% of VimpelCom's voting
rights.
Altimo has also agreed to withdraw its earlier claims that
Weather II and Norway's Telenor (TEL.OS), another major shareholder
in Vimpelcom, were in breach of VimpelCom's bylaws.
Write to Olga Razumovskaya at olga.razumovskaya@dowjones.com
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