Veon shares rise more than 10% after news of plans to sell VimpelCom
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Shares of the Veon holding, which owns the Russian telecom operator Vimpelcom (Beeline brand), at the opening of trading on Mosbirzhe grew by 10.86%, up to 25 rubles. for paper. Growth began against the backdrop of information that Veon wants to sell Russian assets. As of 10:06 Moscow time, the share price slowed down growth by 3.99%, to 23.45 rubles.
The Dutch holding announced a competitive process for the sale of Vimpelcom today, November 2. According to Kommersant, Veon will hand over the management of the Russian business to top management. The transfer of the asset to Russian jurisdiction, lawyers believe, will allow Veon to avoid possible sanctions, and VimpelCom to regain access to the state order.
Details – in the material “Kommersant” “Beeline gets a residence permit”.
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