8 Jun 2012 10:58

Central Telegraph appraised at 6.1 bln rubles for purchase by Svyazinvest

MOSCOW. June 8. (Interfax) - The board of directors of OJSC Svyazinvest has confirmed an appraisal of regional operators for the purchase of their stakes, the company said in a statement.

The largest asset that Svyazinvest will acquire is 21.78% of OJSC Central Telegraph stock, or 48,196,063,000 preferred shares, appraised at 1.33 billion rubles. This means that Central Telegraph's cumulative value for the deal is 6.1 billion rubles.

Svyazinvest is estimated to be worth 12.26 rubles per share.