Russia's MTS Offered to Buy Out Government Stake in Belarus Subsidiary
Published on: 24th Feb 2014
Note -- this news article is more than a year old.
By: Ian Mansfield
Russia's MTS made an offer to buy the 51% stake in its Belarus subsidiary that is up for sale but offered a price far lower than the government is asking for.
The government, which owns the 51% stake has repeatedly tried and failed to sell the stake, with the fairly being blamed mainly on the very high price being asked for.
The government recently lowered the asking price to USD863 million, but that is still seen as excessive for the stake.
MTS's Russian parent reportedly offered up to USD500 million for the stake, which is about what most commentators believe it to be worth.
The offer was reportedly turned down as too low.
On the web: BelTA