Tele2 AB sells Russian VTB Group

Group Tele2 AB has decided to sell the Russian subsidiary of VTB. The structure of the transaction involves the payment of money in the amount of U.S. $ 2.4 billion (about 15.6 billion SEK) in shareholders' equity and net debt repurchase Tele2 Russia, which is 1.15 billion U.S. dollars (about 7.5 billion kronor ). The transaction amount is equivalent to the multiplier EV / EBITDA 4,9 on the results for the year 2012. The transaction is expected to complete in the near future. Following the transaction, the board of directors Tele2 AB intends to offer to pay to the shareholders of SEK 12.5 billion, equivalent to SEK 28 per share, as revenue prepaid shares. The payment is scheduled shortly after the transaction. Tele2 AB activity will be concentrated in Europe and Eurasia (the main market of its operation, said Sweden, Holland, Norway and Kazakhstan). groups to focus on managing their core assets, customer service and mobile Internet access. Tele2 AB will continue to improve their services, prices and service. The company will strive to maintain price leadership and reputation as an innovator, as well as the ability to quickly respond to changing market conditions. As for Russia, with the help of the VTB Group Tele2 Russia will continue to develop its business, expanding coverage and improving the quality of services.