Telenor Does Not Support Proposed VimpelCom Acquisition of Weather Investments
(Thomson Reuters ONE) -
(Fornebu, Norway - 20 December 2010) As formally communicated to VimpelCom
Ltd.'s Chairman yesterday, based on the information available to it and recent
developments, Telenor ASA has determined that the proposed acquisition by
VimpelCom Ltd. of Weather Investments S.p.A. is not in the best interests of
VimpelCom shareholders and therefore does not intend to support the transaction.
"We strongly support VimpelCom's expansion in accordance with the principles
agreed at the time the company was created. However, in our capacity as a
shareholder of VimpelCom Ltd., we do not believe this transaction makes
strategic or financial sense for VimpelCom's shareholders," said Telenor
spokesman Dag Melgaard.
Telenor ASA holds a 36% voting and 39.6% economic interest in VimpelCom Ltd.
Contact:
Dag Melgaard, Communication Manager, Group Communications, Telenor Group
tel: +47 901 92 000
e-mail: dag.melgaard(at)telenor.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Telenor via Thomson Reuters ONE
[HUG#1474024]
Unternehmensinformation / Kurzprofil:
Datum: 20.12.2010 - 08:08 Uhr
Sprache: Deutsch
News-ID 49866
Anzahl Zeichen: 1634
contact information:
Town:
OSLO
Kategorie:
Business News
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