VimpelCom Ltd.
On 5 October 2009 Telenor and Altimo announced their agreement to combine their assets in Kyivstar and VimpelCom into a new Bermuda-registered company VimpelCom Ltd headquartered in the Netherlands.
Presentation: Telenor and Altimo to combine interests in VimpelCom and Kyivstar, 589kB, PDF
Visit the VimpelCom Ltd. website
Latest updates:
Monday 24 December 2012: Altimo notified VimpelCom Ltd. that they on 16 April 2013 intend to convert 128,532,000 Convertible Preferred Shares owned by Altimo into Common Shares at a ratio of one Convertible Preferred Share for one Common Share. As a result their economic stake will increase from 52.7 per cent to 56.2 per cent. The voting stake of 47.9 per cent will not change. VimpelCom Ltd. will receive approximately USD 1.4 billion for the conversion.
See the full press release from VimpelCom Ltd.
Friday 21 December 2012: The Shareholders in VimpelCom elected a new Supervisory Board at the Annual General Meeting of Shareholders in Amsterdam.
The nine members of the Supervisory Board are: Jon Fredrik Baksaas, Andrei Baranov, Mikhail Fridman, Kjell Morten Johnsen, Alexey Reznikovich, Ole Bjorn Sjulstad, Sergei Tesliuk and independent directors: Dr. Hans-Peter Kohlhammer and Leonid Novoselsky.
The Board elected Alexey Reznikovich as their Chairman
See the full press release from VimpelCom Ltd.
Monday 17 December 2012: The Supervisory Board of VimpelCom Ltd. decided on the full dividends for 2011 and an interim dividend payment for 2012, totaling 1.3 billion USD Telenor’s part totals 464 mill USD – approx. 2.6 billion NOK.
See the full press release from VimpelCom Ltd.
Friday 29 November 2012: The Moscow Arbitrazh (business) Court cancels the FAS lawsuit and all injunctions connected to it.
Wednesday 28 November 2012: The Russian Commission on Foreign Investments say they approve all of the VimpelCom Ltd shares transactions done by Telenor.
See media coverage in RiaNovosti.
Tuesday 27 November 2012: The Moscow Arbitrazh (Business) Court postpones the hearing until Friday 30 November. No reason is given.
Friday 23 November 2012: FAS publishes press release, saying they have decided to withdraw its lawsuit against Telenor on VimpelCom.
Monday 19 November: Candidates for the new Board of Directors are announced – see the press release from VimpelCom Ltd.
Friday 9 November 2012: VimpelCom Ltd. sets 21 December as date for its Annual General meeting.
See press release from VimpelCom Ltd.