Accelerated bookbuilt offering for TeliaSonera shares
Accelerated bookbuilt offering for TeliaSonera sharesNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA
The Finnish State (the "State") is today announcing the secondary offering of 250 million shares in TeliaSonera AB (the "Offering"). The Offering will be marketed through an accelerated bookbuilt offering to international and Nordic institutional investors pursuant to Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), outside the United States and pursuant to Rule 144A under the Securities Act in the United States. The Offering may be increased to a maximum of up to 300 million shares subject to market conditions.
250 million shares represent approximately 5.3 per cent and 300 million shares approximately 6.4 percent of the total outstanding shares of TeliaSonera. The price per share and the final number of shares sold will be determined upon completion of the bookbuilding.
The current ownership interest of the State in TeliaSonera is approximately 19.1 per cent. After the sale, the ownership interest of the State will be not less than approximately 12.7 per cent.
Morgan Stanley & Co. International Limited has been appointed as the the sole bookrunner and lead manager of the Offering and Enskilda Securities has been appointed as the co-lead manager.
For more information: Ministry of Transport and Communications, Mr. Samuli Haapasalo, Tel. +358 40 548 3476