A London court thwarted an attempt by Telenor (TEL.OL) to prevent the dilution of its stake in Vimpelcom (VIP.N), easing the way for the Russian group to buy Naguib Sawiris telecom assets. Norway's biggest telecom company sought an injunction to prevent the dilution of its 36 percent stake in Vimpelcom (VIP.N), Russia's second-largest cellphone group, to the benefit of old rival and co-owner Mikhail Fridman's Alfa Group. Vimpelcom has the backing of Alfa and its board to take control of emerging markets-focused Orascom Telecom (ORTE.CA) and Italy's Wind from Sawiris, the Egyptian-born tycoon.
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