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General

Telenor sells more Veon shares, to book accounting loss

Friday 7 April 2017 | 09:46 CET | News
Telenor is reducing its stake in Veon, formerly known as VimpelCom. The Norwegian operator announced the sale of 70 million shares in the company, out of the total 416.7 million shares of 23.7 percent stake it has in Veon. The sale of the around 4 percent stake in Veon was priced at USD 3.75 per share, resulting in net proceeds for the company of a total USD 259 million. In September 2016, Telenor already sold 164 million Veon ADS., as part of a strategy to reduce its exposure to the Eurasian markets.

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Categories: General
Companies: Telenor / Vimpelcom
Countries: World
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