Altimo Increases Voting Stake In VimpelCom To 41.9% From 40.5%
05 Ottobre 2012 - 5:42PM
Dow Jones News
By Olga Razumovskaya
MOSCOW--Altimo, a subsidiary of conglomerate Alfa Group Russia,
said Friday that it has increased its voting stake in VimpelCom Ltd
(VIP) to 41.9% shares from 40.5%.
Between Aug. 17 and Oct. 4 the company has purchased 27.2
million shares worth $273.8 million.
Altimo has been in dispute with Nordic Telenor (TEL.OS) over
reaching parity in VimpelCom.
"We have bought the shares on market price on the market,"
Evgeny Dumalkin, vice-president at Altimo said without specifying
who the shares had been purchased from.
Write to Olga Razumovskaya olga.razumovskaya@dowjones.com
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