Monday, October 1, 2012

Reuters: Regulatory News: Telenor share buy violates injunction-Russia watchdog

Reuters: Regulatory News
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Telenor share buy violates injunction-Russia watchdog
Oct 1st 2012, 12:30

MOSCOW | Mon Oct 1, 2012 8:30am EDT

MOSCOW Oct 1 (Reuters) - The head of Russia's anti-trust agency, which has filed a lawsuit to block Telenor from increasing its stake in Russian mobile operator Vimpelcom , said the Norwegian company was in violation of an injuction by a Russian court.

Telenor said on Monday it had taken delivery of 71 million shares in Vimpelcom from Egyptian tycoon Naguib Sawiris.

"I regret this, because an injunction by a Russian court has been violated," Igor Artemyev, head of Russia's Anti-Monopoly Service, said in comments issued by the service's press office.

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