Veon: Falls as Telenor sells 5.7% stake

VEON

27/03/2019 08:13

** Shares in mobile telecommunications co  VON.AS  down 3%
after Telenor  TEL.OL  sells 100 mln shares in co  urn:newsml:reuters.com:*:nL8N21E0T1
    ** "We continue to think that the overhang  ...  from
Telenor (remaining 9% of VEON shares) will keep pressuring
VEON stock," Xtellus Capital Partners says
    ** Price of $2.16/shr implies almost 10% discount to
Tuesday's closing price
    ** U.S.-listed shares of Veon  VEON.O  closed ~2 pct lower
on Tuesday  urn:newsml:reuters.com:*:nL3N21D4LR

 ((pawel.goraj@thomsonreuters.com))