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Article: Altimo reduces stake in Turkcell.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- March 18, 2009
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Altimo reduces stake in Turkcell
MOSCOW. March 18 (Interfax) - Altimo, which manages the telecommunications assets of Russia's Alfa-Group, has reduced its stake in Turkish cellular operator Turkcell to 4.9%, thereby fulfilling a ruling by a New York court, the company said in a statement.
Altimo sold a 62.2% stake in Alfa Telecom Turkey Ltd., via which Altimo owned a 13.2% stake in Turkcell, to Nadash International Holdings Inc., which is affiliated with Kazakhstan's Visor Group, and Henri Services Ltd., a company controlled by businessman Alexander Mamut. The deal carried a price tag of $90.2 million.
Nadash and Henri Services received the ...