VimpelCom Algeria Djezzy Sale 2014 Investor Conference

VimpelCom announced the sale of 51% stake in Djezzy to Algeria's National Investment Fund (FNI) for USD 2.6 billion. The transaction enables GTH and VimpelCom to pay down USD 4.0 billion in shareholder loans while maintaining operational control and full consolidation of the subsidiary. The deal generates annual interest savings of approximately USD 280 million.