Please install Adobe Flash Player.
MOSCOW (Dow Jones) -- Ukrainian billionaire Viktor Pinchuk's investment company, EastOne Group Ltd., has bought nearly 6% of VimpelCom Ltd.'s charter capital, or 28.5% of the company's preferred shares, Interfax reports Tuesday.
The seller -- Forrielite, a Cyprus-based offshore company owned by Oleg Kiselev, Deputy CEO of Rusnano, a state-owned nanotechnology corporation.
Kiselev, who is also a founder of Altimo, the telecoms unit of Russian financial conglomerate Alfa Group and Norwegian telecommunication company Telenor ASA's partner in VimpelCom, purchased the VimpelCom stake in June, prompting the dissolution of a shareholder agreement as it took Altimo's shareholding in VimpelCom below 25%.
In November 2011, Telenor accused Altimo of infringing the shareholder agreement, claiming that the deal to sell the stake to Forrielite was financed by a company controlled by Alfa-Group's owners. However, Kiselev denied these accusations.
Forrielite sold 28.5% of the company's preferred shares (or nearly 6% of the company's charter capital) to Cypriot company Bertofan Investments Ltd. for $111m, VimpelCom said in a statement.