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. Last Updated: 07/27/2016

VEB Agrees to Kyivstar Merger

Vneshekonombank, which hold a blocking stake in mobile operator VimpelCom as loan collateral, will agree to its merger with Ukrainian operator Kyivstar, Vladimir Dmitriyev, the bank’s head, said Thursday.

Altimo owes $1.5 billion VEB pledging a blocking stake in VimpelCom as collateral and VEB has agreed to extend the loan for another 12 months on Thursday.    

(Reuters)