MarCap offloads 10.7% Rostelecom stake to Rotenberg affiliate

1 Mar 2013

Investment fund Marshall Capital (MarCap), which is owned by Russian businessman Konstantin Malofeyev, has announced that it is selling its 10.7% stake in national operator Rostelecom to a firm affiliated with businessman Arkady Rotenberg. Prime Tass business news agency reports that under the terms of the deal, Universal Telecom Investments Strategies, which is wholly-owned by MarCap, will sell its 10.7% stake to Bellared Holdings Limited, for a sum that is rumoured to be in the RUB167 (USD5.46) per share price range. Last week CommsUpdate reported that metals magnate Mikhail Prokhorov’s holding company Onexim was considering buying the stake for around USD1.7 billion.

Russia, Rostelecom