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Putin OKs state takeover of Svyazinvest
MOSCOW, Sept 15 (Reuters) - The Russian government has approved a takeover of a 25 percent plus one share stake in state-controlled telecoms holding company Svyazinvest from Sistema,the communications minister said on Tuesday.
'The deal has been approved. Conditions should satisfy both parties,' Igor Shchyogolev told a news conference.
He also said that the deal did not foresee allocation of budget funds but gave no other details.
Vedomosti business daily reported on Tuesday that Sistema's unit Comstar will hand its Svyazinvest stake and a 26 billion rouble loan to state development bank VEB, and receive in return a 28 percent voting stake in the Moscow fixed-line network MGTS, currently held by Svyazinvest. According to Vedomosti, Sistema will also hand over 100 percent in mobile operator Sky Link.
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