Telia verkoopt belang in Megafon

Telia fully exits Megafon shareholding

Telia Company has fully divested its stake in Megafon, after agreeing to sell its remaining 19.0 percent shareholding to Gazprombank . The deal is in line with Telia's strategy to focus on the Nordics and Baltics. The shares will be sold at RUB 514 per unit, raising gross proceeds of RUB 60.4 billion, with a pro forma positive effect on net debt to EBITDA expected at 0.3x.