MegaFon will acquire a 50% stake in Euroset from VimpelCom and will own up to 100% of its shares. VimpelCom will buy half of the retail outlets of the chain.
This will happen if MegaFon will accept the offer of VimpelCom.
Over the last two years, retail sales decreased by 12%, while net profit fell almost five times.
Who now controls the Russian mobile retail.
The largest creditors of Insurance Company Russia owned by the Ukrainian millionaire Victor Pinchuk were Russian Union of Insurers, Euroset and even Gen Re owned by Warren Buffett.