Altimo Cooperatief U.A. - and - Forrielite Limited Agreement - relating to - the Sale and Purchase of Shares in VimpelCom Ltd.Agreement • June 6th, 2011 • Altimo Cooperatief U.A. • Radiotelephone communications • London
Altimo Sells 6% preference share stake in VimpelCom Ltd.Altimo Cooperatief U.A. • June 6th, 2011 • Radiotelephone communications
Following its announcement in April this year, Altimo has entered into an agreement to sell 123,600,000 preferred shares in VimpelCom Ltd. (VimpelCom), or 5.995% of its voting rights in the company. The sale will reduce Altimo’s voting rights in VimpelCom to below 25% and, as a result, the current Shareholders Agreement with Telenor will terminate six months following the closing of the deal, which is expected to happen shortly. Altimo will raise over $100m from the sale of the stake.
