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Svyazinvest may buy 40% of Rostelekom


2010-06-23

The Russian telecommunications company Svyazinvest could reach an agreement during the summer with Vneshekonombank (VEB) and the insurance agency ACB about the buyout of a 40% share of Rostelekom.
It was reported earlier that in 2009 ACB acquired a 29.9% stake of Rostelekom from KIT-Finans bank for RUB 50.28bn ($1.6bn). VEB, on the other hand, has a 10% share in Rostelekom and has taken over share capital management from ACB. The agreement with Svyazinvest will be signed by VEB with the full consent of ACB.

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