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VTB says to sell part of Tele2 Russia in 3-4 months
June 20, 2013 / 9:24 AM / 4 years ago

VTB says to sell part of Tele2 Russia in 3-4 months

ST PETERSBURG, Russia, June 20 (Reuters) - Russian state-controlled bank VTB said on Thursday it planned to sell a stake in Tele2 Russia in the next three or four months in a deal that would see the bank keep control of the country’s fourth-biggest mobile phone company.

“Our talks with a number of private investors are in quite an advanced stage. I believe we will sell a certain part of our stake within the next three-four months,” Yuri Soloviev, first deputy president of VTB Bank’s management board, told Reuters, adding there were no discussions with Rostelecom. (Reporting by Katya Golubkova and Oksana Kobzeva; Writing by Maria Kiselyova; editing by Elizabeth Piper)

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