VTB group announces the sale of a 50% stake in Tele2 Russia. The shares were acquired by several strategic investors including "Bank "Rossiya" and Alexey Mordashov entities. The sale price was in line with VTB’s expectations. The terms and conditions of the transaction with the prior owner of Tele2 AB have been respected in full. Citigroup and VTB Capital advised VTB Group on the transaction.
«I believe that the new strategic partnership will strengthen the market position of Tele2 Russia and will allow the company to become one of the leaders in the Russian telecommunications market.»
First Deputy President and Chairman of VTB Bank Management Board