Prokhorov may buy Rostelecom stake

Russian holding company Onexim, the vehicle of tycoon Mikhail Prokhorov, is looking to buy a 10.5% stake in state-controlled service provider Rostelecom from businessman Konstantin Maolofeyev’s Marshall Capital, according to local reports.

According to Vedomosti, Malofeyev is seeking to sale his stake in the operator for €51.6 billion, a significant premium on the company’s share price.