Bank Rossiya Seeks to Buy 50% Stake of Tele2 Russia From VTB
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Two Bank Rossiya units applied for antitrust approval to buy as much as 50 percent of mobile-phone operator Tele2 Russia from VTB Group after the state-controlled lender agreed to acquire it for $3.6 billion in March.
Invintel BV asked for the right to buy as much as 40 percent and ABR Management BV applied for 10 percent of Russia’s fourth-largest mobile operator, a Federal Anti-Monopoly Service press official, who asked not to be identified in line with the regulator’s policy, said today by phone. The competition watchdog will decide on the bids within 30 days after the application was submitted.