Talks Over VimpelCom’s Djezzy at Delicate Stage

Moscow Times 22 May 2013
VimpelCom’s talks to sell a controlling stake in its Algerian mobile business Djezzy to Algeria are at a delicate stage but have not failed, a source with knowledge of the discussions said on Wednesday.
Algeria wants to nationalize Djezzy and has pushed VimpelCom into discussing a sale of a 51 percent stake.
A report by Dow Jones earlier said talks had ended in failure, citing two officials close to the matter.
The source said that there might be further clarity on the issue in coming days.
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