Norway’s Telenor Group has completed its purchase of an increased stake in Russia's Vimpelcom in the face of opposition from Russian co-owner Altimo and Russia's Federal Antimonopoly Service (FAS). The purchase of the disputed 3.5% stake from Egyptian tycoon Naguib Sawiris’ Weather Investments unit, which raises Telenor's stake to 42.95%, is the latest episode in a long-running campaign by Telenor to secure what it regards as an equal holding in the Russian company alongside Altimo.
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OVETEL Ownership deadlock rumbles on; Telenor confirms stake deal, but Vimpelcom postpones share registration
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