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Telenor to sell 24.5% of its VimpelCom American depository shares

The price at which Telenor will sell the ADSs has not yet been revealed

MOSCOW, September 12. /TASS/. Norway’s Telenor said it commences sale of 24.5% in VimpelCom Ltd.

Currently Telenor owns approximately 580 million ADSs (American Depository Shares), or 33% of VimpelCom’s total outstanding common shares. "Telenor ASA today announced that it has commenced a public offering in the United States of 142,500,000 of its VimpelCom Ltd. ADSs," the company said in a press release on Monday. The price at which Telenor will sell the ADSs has not yet been determined.

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