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4-Traders Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  Megafon PAO    MFON   RU000A0JS942

MEGAFON PAO (MFON)
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Megafon : Telia Proposes Sale of 5.65% Stake in MegaFon

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10/02/2017 | 07:01pm CET
   By Adria Calatayud 
 

Scandinavian telecom operator Telia Co. AB (>> TeliaSonera) on Monday said it has proposed the sale of 35 million shares, or 5.65% of the issued share capital, in Russia-based MegaFon (>> Megafon PAO).

The Swedish company said it has launched an accelerated bookbuilding offering to institutional investors, a transaction it expects to settle on Oct. 5. The offer price and final number of shares sold will be determined at the conclusion of the process, it said.

Telia, which currently holds a 25.2% interest in MegaFon, said the proposed sale is consistent with its strategy of focusing on operations in the Nordics and Baltics. The sale would reduce its stake to 19.5%.

Write to Adria Calatayud at [email protected]

Stocks mentioned in the article : TeliaSonera, Megafon PAO
Stocks mentioned in the article
ChangeLast1st jan.
TELIASONERA 1.44% 38.74 Delayed Quote.4.49%
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Financials ( RUB)
Sales 2017 342 B
EBIT 2017 61 664 M
Net income 2017 17 115 M
Debt 2017 226 B
Yield 2017 7,37%
P/E ratio 2017 14,53
P/E ratio 2018 10,63
EV / Sales 2017 1,69x
EV / Sales 2018 1,58x
Capitalization 350 B
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Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 674  RUB
Spread / Average Target 19%
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Sergey Vladimirovich Soldatenkov Chief Executive Officer
Evgeny Aleksandrovich Bystrykh Chairman
Anna Andreevna Serebryanikova Chief Operating Officer
Alexander Barunin Chief Financial Officer
Pavel Viktorovich Korchagin Chief Technology Officer
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