Finland to lower TeliaSonera stake to 12.7%

8 Dec 2004

The Finnish government is planning to sell up to 300 million TeliaSonera shares, in a move which will lower its holding from 19.1% to 12.7% and raise up to EUR1.37 billion. The price and final number of shares sold will be determined upon completion of bookbuilding, which will be handled by Morgan Stanley.

Finland, Sweden, Telia Company