Minsk protests against Ukraine's forced return to Kiev of Belavia planeWorld October 22, 14:05
Russian Foreign Ministry: Militants in Aleppo fail assistance delivery, civilians outflowsRussian Politics & Diplomacy October 22, 14:03
Kremlin: Syria’s breakup may become catastrophe for the regionRussian Politics & Diplomacy October 22, 14:00
Kremlin: Common language at Normandy Four talks is not oftenRussian Politics & Diplomacy October 22, 13:56
Kremlin: Extending humanitarian pause in Aleppo is Putin’s independent decisionRussian Politics & Diplomacy October 22, 13:50
Putin offered condolences to families of victims in Mi-8 crash in YamalSociety & Culture October 22, 11:20
Production of Russian flu vaccines in Nicaragua may start on October 22Society & Culture October 22, 7:44
Mascot of 2018 World Cup should be remembered like Olympic Mishka, Mutko saysSport October 22, 6:31
Nineteen people killed, 3 injured in helicopter crash landing in Russia's YamalSociety & Culture October 22, 5:00
MOSCOW, September 12. /TASS/. The price of Vimpelcom Ltd. American Depositary shares (ADS) at the opening of trading on the NASDAQ OTC trading platform fell by 6.15% to $3.66 per share (as of 16:35 MSK).
On Friday, September 9, the company's shares fell 6.8%, to $3.9 per share.
Earlier Norway’s Telenor said it commenced sale of 24.5% in VimpelCom Ltd. out of its 33% stake.
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.
"Before pricing of the ADS offering, Telenor may also launch a 3-year bond exchangeable into VimpelCom ADSs in an aggregate principal amount of up to $1 bln with an exchange premium which could be up to 35%," the report said.
Telenor announced plans to divest all its shares in VimpelCom to fully focus on creating value in core operations on 5 October 2015. The company then said that VimpelCom had gradually contributed less to its value while the market value of VimpelCom shares represented around 8% of Telenor’s market capitalization.
Telenor became a shareholder in Russia’s VimpelCom in the late 1990s. After the unification of VimpelCom with Ukraine’s Kyivstar Telenor received a stake in VimpelCom Ltd. Currently Telenor has a 33% stake and 43% of votes in VimpelCom.
VimpelCom is an international telecommunication company owned by Mikhail Fridman’s LetterOne (47.9% of voting shares), Telenor (43%) and minority shareholders (9.1%). It provides services under the Beeline, Kyivstar, Djuice, Wind, Infostrada, Mobilink, Leo, Banglalink and Telecel brands.