Vimpelcom squeezes out minority shareholders

9 Aug 2010

Russian mobile operator Vimpelcom Ltd has revealed that it has completed the acquisition of all shares of OJSC Vimpelcom, including those represented by American Depositary Shares (ADSs). The purchase of shares from its minority shareholders came by way of a mandatory squeeze-out process begun on 25 May. The squeeze-out price of RUB11,800 (USD382) per share was determined as the market value of the OJSC Vimpelcom shares as of 28 February 2010 by an independent Russian appraiser in accordance with Russian law.

Russia, Beeline (Russia), Kyivstar, VEON