Vimpelcom says shareholders approve Kyivstar merger

MOSCOW, April 21 (BestGrowthStock) – Russian mobile operator
Vimpelcom (OVIP.K: ) said on Wednesday that 97.87 percent of its
shareholders have approved its planned merger with Ukraine’s
Kyivstar.

“All conditions for successful completion of the exchange
offer have now been satisfied,” Vimpelcom — controlled by
Norway’s Telenor (TEL.OL: ) and Russia’s Alfa Group — said in a
statement.

“The required approvals from the relevant regulatory
authorities in Russia and Ukraine have been received and all
legal and regulatory proceedings and enforcement actions in the
Farimex case against Telenor have been withdrawn, without cost
or loss to Telenor,” it said.

Stock Market Research

(Writing by Toni Vorobyova)

Vimpelcom says shareholders approve Kyivstar merger