April 6, 2017 / 9:12 PM / 4 months ago

BRIEF-Telenor to sell 70 mln of its common shares in Veon

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April 6 (Reuters) - Telenor Asa

* Telenor to sell additional shares in Veon Ltd.

* Has commenced an offering of 70 million of its common shares in Veon ltd

* Currently owns approximately 416.7 million ADSS, which represents 23.7 percent of Veon's total outstanding common shares

* Price at which telenor will sell common shares and adss has not yet been determined

* Pricing of offering will be announced following completion of bookbuilding process

* Citigroup and Morgan Stanley will act as joint global coordinators and joint bookrunners for offering Source text for Eikon: Further company coverage:

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