Telenor says Moscow court to hear Vimpelcom motion

OSLO, July 7 (Reuters) – Norway’s Telenor ASA (TEL.OL) said on Tuesday a Moscow court had agreed to hear on July 21 a motion to halt the transfer of its shares in mobile firm Vimpelcom VIP.OL to a Russian agency in charge of auctioning them off.

“We’ll do whatever we can to stop a potential forced sale,” Telenor spokesman Dag Melgaard told Reuters.

He added, however, that a separate motion for a stay of execution of the transfer of its shares to the Federal State Property Agency, until after the court hearing, had been denied.

Click here to read the entire story on Reuters.com

Films of Norway_bunad
Norwegian American Logo

The Norwegian American

Published since May 17, 1889 PO Box 30863 Seattle WA 98113 Tel: (206) 784-4617 • Email: naw@na-weekly.com

You may also like...

%d bloggers like this: