Group Tele2 AB has decided to sell the Russian subsidiary of VTB. The
structure of the transaction involves the payment of money in the amount
of U.S. $ 2.4 billion (about 15.6 billion SEK) in shareholders' equity
and net debt repurchase Tele2 Russia, which is 1.15 billion U.S. dollars
(about 7.5 billion kronor ). The transaction amount is equivalent to
the multiplier EV / EBITDA 4,9 on the results for the year 2012. The
transaction is expected to complete in the near future. Following the
transaction, the board of directors Tele2 AB intends to offer to pay to
the shareholders of SEK 12.5 billion, equivalent to SEK 28 per share, as
revenue prepaid shares. The payment is scheduled shortly after the
transaction. Tele2 AB activity will be concentrated in Europe and
Eurasia (the main market of its operation, said Sweden, Holland, Norway
and Kazakhstan). groups to focus on managing their core assets, customer
service and mobile Internet access. Tele2 AB will continue to improve
their services, prices and service. The company will strive to maintain
price leadership and reputation as an innovator, as well as the ability
to quickly respond to changing market conditions. As for Russia, with
the help of the VTB Group Tele2 Russia will continue to develop its
business, expanding coverage and improving the quality of services.
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