Friday, 15 December 2017

Tele2 completes Russia unit sale to VTB

Tele2
Thursday 04 April 13

Tele2 AB today announced the successful completion of its recently announced sale of all of its Russian operations…

Tele2 AB today announced the successful completion of its recently announced sale of all of its Russian operations, Tele2 Russia, to VTB Group ("VTB”).

Mike Parton, Chairman of Tele2 AB, commented: “This is an excellent result for Tele2 shareholders. Our cash investment in this business was SEK 6 billion and this has generated a cash return of over SEK 27 billion including the transaction, much of which has been returned to our shareholders.”

Please see the announcements made by Tele2 on March 27, 2013 and April 2, 2013 for more details about this transaction.


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