The investment company ANN has purchased full stock of Russia’s largest mobile handset retailer Euroset, which has over 5,000 retail outlets in Russia and neighbor countries. It is known that this investment company belongs to Russian billionaire Alexander Mamut.
Also, one of Russian newspapers informed that Russia’s largest mobile operator MTS had registered an offshore company Dega Retail Holding Ltd. in the British Virgin Islands, with the purpose to buy a stake in Euroset.
Meanwhile, it is reported that Euroset and Mamut confirmed closing of the deal on September 22. The parties did not disclose the real size of the transaction, however, according to the unofficial sources, Mamut will pay around US$400 million for Euroset, without taking into account its liabilities in the amount of US$850 million.