Telenor cuts Vimpel stake with share sale, blowout $1bn CB

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Telenor cuts Vimpel stake with share sale, blowout $1bn CB

Telenor sold $1.5bn of shares in VimpelCom, the Russian telecoms company, this week, in a combined equity placing and exchangeable bond that were well received, despite the Uzbek bribery scandal that engulfed both companies last year.

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