Finger on the trigger in shareholder dispute, as armed squad raid Telenor’s Moscow office

According to Reuters, the increasingly acrimonious shareholder dispute between Vimpelcom’s co-owners escalated on Friday, when a bailiff accompanied by around 15 armed men in uniform visited Telenor's Moscow office to demand information. The Norwegian telecoms giant, which currently owns 39.5% of the voting rights in the Russian firm, commented: ‘We consider it an effort to pressure Telenor during the continued dispute between Vimpelcom shareholders’. Typically, any such requests would normally be sent by post, emphasising the heavy-handed tactics that have come into play.

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OVETEL Finger on the trigger in shareholder dispute, as armed squad raid Telenor’s Moscow office