VTB Announcement


VTB Press Office:

«VTB Capital is fully divesting its stake in Vivacom as part of the transaction to sell the Bulgarian telecommunications operator to United Group.
VTB Capital joined the VTL consortium to invest in Vivacom in 2015, and together with its co-investors and new company management managed to substantially increase Vivacom’s enterprise value and maintain its leading positions in the Bulgarian market, which helped generate strong interest for the asset.

United Group is an established media and telecommunications market player in South Eastern Europe, and its acquisition of Vivacom once again underscores the Bulgarian operator’s leading market positions and a promising outlook. We are confident that the company will continue its sustainable growth under the new ownership.

VTB Capital is a leading player in the Russian private equity market. Our strategy focuses on investing in assets with strong growth potential across a range of segments, including retail, media, transport, telecommunications and the consumer sector, and exiting them following an increase in shareholder value over a period of 3–5 years. VTB Capital’s investment in Vivacom is another example of a successful private equity transaction in the region.»