Finnish Govt Selling $1.1b of TeliaSonera Shares
2015-02-10 16:39:24.764 GMT
By Sam Chambers
(Bloomberg) -- Solidium to sell 175m TeliaSonera shrs,
equivalent to more than half of its 7.8% stake in the co.
* Solidium has agreed not to dispose of any further Telia shrs
for a period of 90 days
* Joint bookrunners: Morgan Stanley, Carnegie, Citi, Nordea
* Solidium to use proceeds to prepare for repayment of a
maturing EU600m exchangeable bond, to finance equity
investments and to improve financial flexibility
* Expects to announce outcome of offering on Feb. 11
* Statement
* NOTE: Solidium is a limited company wholly owned by the
State of Finland
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To contact the reporter on this story:
Sam Chambers in London at +44-20-3525-2021 or
schambers7@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net
2015-02-10 16:39:24.764 GMT
By Sam Chambers
(Bloomberg) -- Solidium to sell 175m TeliaSonera shrs,
equivalent to more than half of its 7.8% stake in the co.
* Solidium has agreed not to dispose of any further Telia shrs
for a period of 90 days
* Joint bookrunners: Morgan Stanley, Carnegie, Citi, Nordea
* Solidium to use proceeds to prepare for repayment of a
maturing EU600m exchangeable bond, to finance equity
investments and to improve financial flexibility
* Expects to announce outcome of offering on Feb. 11
* Statement
* NOTE: Solidium is a limited company wholly owned by the
State of Finland
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Sam Chambers in London at +44-20-3525-2021 or
schambers7@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net