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Rostelecom Drops for First Day in Three on Kerimov Sale Report

OAO Rostelecom, Russia’s state-controlled telecommunications operator, dropped for the first day in three after Vedomosti reported billionaire Suleiman Kerimov is in talks to sell his six percent stake.

The shares dropped 1 percent to 152.56 rubles as of 10:46 a.m. in Moscow, the biggest intraday fall since Jan. 11.

Rostelecom itself may buy back the shares from Kerimov, the newspaper said, citing a person close to the company.

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