MOSCOW/STOCKHOLM, March 28 (Reuters) – Russian billionaire Mikhail Fridman is ready to trump state bank VTB’s deal to buy Tele2’s Russian division and is considering an offer for the whole of the Nordic telecoms group.
- Fridman’s A1 says sale to VTB undervalues Tele2 Russia
- Ready to offer $3.6-$4 bln for Tele2’s Russian unit
- Running numbers on possible bid for Tele2 as a whole
- Tele2, main shareholder, stand by $3.5 bln VTB deal
Fridman’s investment partnership A1 said on Thursday it was prepared to make an all-cash bid of $3.6-$4 billion for Tele2’s Russian arm, which would top an agreed sale to VTB that puts an enterprise value, or equity plus debt, on the business of $3.5 billion.
Read more…