(ADPnews) - Apr 20, 2010 - Danske Bank has raised the share price target on Norwegian telecom group Telenor ASA (OSL:TEL) to NOK 100 from NOK 90, after the arrest on its shares in Russian mobile operator VimpelCom (RTD:VIMP) was lifted.
Telenor announced the news on April 16. The arrest was imposed in March 2009 to secure recovery of USD-1.73-billion (EUR 1.283bn) fines, ordered by a Siberian court as a result of a claim by tiny VimpelCom shareholder Farimex Products Inc that the Norwegian company allegedly tried to stop VimpelCom's expansion in Ukraine. VimpelCom's …
No comments:
Post a Comment