Rostelecom Status
The company (RTS: RTKM) was in talks to repurchase 30% stake owned by the shareholders for RUB 30 billion as of November 13, 2013. Marshall Capital Partners was planning to reduce its stake to 7.4%. Subsequently the deal was cancelled. Earlier, the company (RTS: RTKM) received $237 million of development capital from Russian Direct Investment Fund and Deutsche Bank on October 10, 2013, putting the company's valuation at $8.78 billion, through a private placement. RDIF and Deutsche Bank are buying 72,187,366 shares which equates 2.7 percent stake of the company.
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