CEO says Rostelecom may offer quasi-treasury shares - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

CEO says Rostelecom may offer quasi-treasury shares

MOSCOW, Mar 6 (PRIME) -- Russian state-controlled telecom operator Rostelecom does not rule out a secondary public offering (SPO) of quasi-treasury shares that are kept on the balance of its unit, Mobitel, the operatorТs President Mikhail Oseyevsky told reporters on Tuesday.

УWe assume that it is a strategic reserve for signing big deals. If we see none in the mid-term, perhaps, we could think of making a placement,Ф Oseyevsky said.

Senior Vice-President and Chief Financial Officer Kai-Uwe Mehlhorn said the company could consider this scenario if the market situation improves.

Mobitel holds 10.49% of common shares of the parent company and 30.79% of preferred shares.

End

06.03.2018 14:37
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 78.3613 -0.8136 20 sep
USD 67.0098 -0.7421 20 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1134.10 +0.99 18:50 19 sep
micex 2404.42 +0.08 18:50 19 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 157.39 +0.20 18:49 19 sep
lkoh 4719.00 +0.73 18:49 19 sep
rosn 437.85 -0.58 18:49 19 sep
sber 193.90 +1.17 18:49 19 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 79.1900 -0.2175 14:59 19 sep
USDTD 66.7525 -0.6175 17:44 19 sep