The head of Mintsifra Shadayev: the government commission approved the sale of Vimpelcom to the Russian administration
ALMA-ATA, February 3 – RIA Novosti. The Government Foreign Investment Commission has approved the sale of VimpelCom (Beeline brand) to the Russian management, provided that at least 90% of the bonds issued by its parent company Veon in favor of Russian investors are repurchased. two months, said RF Maksut Shadayev, head of the Ministry of Digital Development.
“Actually, this is the condition of the agreement. If the VimpelCom management agrees that Russian investors are ready to sell them bonds of at least 90% of the total debt, then the deal will come true. The commission approved. Shadayev told reporters in Alma-Ata, “The only problem is is that these conditions should be the same for all bondholders.”
The terms of the sale will be “extremely short,” according to the minister. “It seems to me it’s a matter of a month or two. There, this deal will either happen or it won’t,” Shadayev said.
Dutch Veon announced in early November that it will sell its Russian business to Vimpelcom. A short time later, it was announced that the company would be acquired by its top management, headed by CEO Alexander Torbakhov, for 130 billion rubles. The deal was to be evaluated by the Foreign Investment Commission.
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