Brief: Telenor to sell 70 mln of its common shares in Veon

VEON

06/04/2017 22:00

April 6 (Reuters) - Telenor Asa  TEL.OL  
    * Telenor to sell additional shares in Veon Ltd. 
    * Has commenced an offering of 70 million of its common 
shares in Veon ltd 
    * Currently owns approximately 416.7 million ADSS, which 
represents 23.7 percent of Veon's total outstanding common 
shares 
    * Price at which telenor will sell common shares and adss 
has not yet been determined 
    * Pricing of offering will be announced following completion 
of bookbuilding process 
    * Citigroup and Morgan Stanley will act as joint global 
coordinators and joint bookrunners for offering 
 
Source text for Eikon:  ID:nObicKXdJa  
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