Altimo Sells 123.6M VimpelCom Shares

Altimo, which manages Alfa Group’s telecommunication assets, has sold 123.6 million preferred shares in VimpelCom Ltd., or 5.995 percent of its voting rights in the company, to the Cyprus-based Forrielite, for $100 million, the company said in a statement Monday. Forrielite’s beneficial owner is Oleg Kiselyov, a Russian entrepreneur and investor in high technology businesses. The sale will reduce Altimo’s voting rights in VimpelCom to less than […]