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Friday, March 18, 2011

TAKEOVERCHATTER-How Vimpelcom boss beat odds to win $6bln deal, (NYSE: VIP), (TEL)

Vimpelcom's (VIP.N) Alexander Izosimov was smiling as he crushed a spider underfoot in the lobby of the company's Amsterdam headquarters. A short time earlier, the smooth-talking chief executive had witnessed the defeat of shareholder Telenor's (TEL.OL) bid to stop Vimpelcom's $6 billion deal with colourful Egyptian tycoon Naguib Sawiris. [ID:nLDE72G0QR] After a nine-month takeover saga Vimpelcom on Thursday sealed a deal to buy Italy's Wind and a controlling stake in emerging markets-focused Orascom Telecom to transform it into an international mobile player.

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