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Billionaire Kerimov Buys 6% of Rostelecom From Ex-Board Member

OAO Rostelecom ex-board member Evgeny Yurchenko said he sold 6 percent of the Russian telephone company’s shares to billionaire Suleiman Kerimov.

Yurchenko, a former chief executive officer of Svyazinvest, the state-controlled telecommunications holding company, will retain 2 percent of Rostelecom, he said by telephone today. Yurchenko declined to comment on the price.

Anton Averin, a spokesman for Kerimov’s Nafta Moskva, declined to comment.

Vedomosti reported the sale earlier today, saying the stake may have cost 27 billion rubles ($869 million). Rostelecom shares gained 4.9 percent to 156.10 rubles at 6:02 p.m. in Moscow, giving it a market value of 459 billion rubles.

Kerimov has expanded his fortune with investments in OAO Uralkali, Russia’s biggest potash producer, Polyus Gold International Ltd. and property developer PIK Group. His Anzhi Makhachkala soccer club in southern Russia has spent millions of dollars hiring international stars including Samuel Eto’o, the record four-time African Player of the Year, and Roberto Carlos.

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