Svyaznoy restarts talks on selling shares to VTB

Russian mobile phone retailer Svyaznoy has resumed talks about selling part of its shares to VTB, reports the RBC Daily, citing two anonymous executives. Apparently, VTB had previously valued the chain at between USD200 million and USD400 million. The company's President Maksim Nogotkov declined to comment on the possible deal, although he told RBC Daily earlier that he was ready to discuss the sale of a minority stake in Svyaznoy. VTB representatives also refused to comment.

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