Telenor Commences Arbitration against VimpelCom and Altimo to Preserve Telenor's Pre-emptive Rights in the Wind Telecom Transaction
(Thomson Reuters ONE) -
(Fornebu, Norway - 31 January 2011) Telenor has commenced an arbitration
proceeding against VimpelCom Ltd. and Altimo Holdings & Investments Ltd. under
the VimpelCom Shareholders Agreement in order to protect Telenor's pre-emptive
rights in the context of VimpelCom's proposed acquisition of Wind Telecom S.p.A.
Telenor has requested an arbitration tribunal to determine that VimpelCom's
proposed acquisition of Wind Telecom is not a Related M&A Transaction under the
VimpelCom Shareholders Agreement and that Telenor is entitled to exercise its
pre-emptive rights under the Shareholders Agreement in connection with the
issuance of new VimpelCom shares to the Wind Telecom shareholders if VimpelCom's
proposed acquisition of Wind Telecom is completed.
Contact:
Dag Melgaard, Communication Manager, Telenor Group Communications,
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#1483586]
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Datum: 31.01.2011 - 08:26 Uhr
Sprache: Deutsch
News-ID 50860
Anzahl Zeichen: 1574
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