Kerimov may sell 6 per cent interest in Rostelecom

According to Vedomosti (16 January 2012), Suleiman Kerimov is in the process of selling 6 per cent of Rostelecom’s ordinary shares that he acquired at the start of November 2011 from Svyazinvest CEO Evgeny Yurchenko.

One potential bidder is Rostelecom. Kerimov paid approximately RUB 26.5 billion for the shares at a price of RUB 150 per share.

According to the article, Kerimov is selling the share, as he never received approval to access the strategic sector from Russia’s management.

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