The VimpelCom Ltd, which was created in the frames of the merger of VimpelCom (Russia) and Kyivstar (Ukraine), completed the acquisition of the 100-percent stake in the Russian company, the VimpelCom said.
According to the report, on May 25, VimpelCom launched a process of forced acquisition of shares to acquire all resting shares in Russia’s VimpelCom.
In accordance with the procedure of forced buyout of the shares, VimpelCom paid monetary funds to minority stockholders for bought out securities and their shares.
As Ukrainian News earlier reported, in March, the Antimonopoly Committee of Ukraine by September may pass a decision on review of its permission for merger of Kyivstar mobile communication operator and VimpelCom mobile communication operator (Russia). The Antimonopoly Committee suspended its permission for merger of the VimpelCom and the Kyivstar on April 22 after Astelit provided additional reasons to delay the merger.
The Antimonopoly Committee approved merger of the Kyivstar and the VimpelCom in March without additional provisions.
On October 5, 2009, the Altimo company (Russia) and the Telenor telecommunications company (Norway) agreed to merge Kyivstar and VimpelCom to create a new cellular communications operator, VimpelCom Ltd. (Bermuda islands), to provide integrated cellular communications services in Russia, Ukraine, and other member-countries of the Commonwealth of Independent States, as well as in Georgia, Vietnam, Cambodia, and Laos.
