EBRD sells part of stake in Golden Telecom

6 Oct 2006

The European Bank for Reconstruction and Development (EBRD) said yesterday that it had sold half of its holding in Russian fixed line operator Golden Telecom, reducing its stake in the company to 4.2% from 8.4%. The shares were sold to institutional investors through investment bank Merrill Lynch for an undisclosed price.

Russia, Golden Telecom (Vimpelcom)