Telko has signed a binding framework agreement according to which it will sell the share capital of its Russian subsidiary Telko OOO to Russian industrial operator GK Himik. The purchase price is approximately EUR 9.5 million. Rights to Telko's name and trademarks are not included in the sale.
The completion of the transaction requires an approval of the Russian authorities.
As previously announced, Telko began in June to explore the possibilities of exiting its Russian operations during the current year.
