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Stock Market & Financial Investment News

News Breaks
January 31, 2014
07:18 EDTVIPVimpelCom upgraded to Buy from Neutral at Citigroup
Citigroup upgraded VimpelCom citing the recent pullback in shares as it views the company as a turnaround play and a not a dividend story. Citi lowered its price target for shares to $12.10 from $14.80.
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October 27, 2014
14:54 EDTVIPVimpelCom says explored 50/50 JV in Italy on Wind subsidiary
VimpelCom disclosed in a regulatory filing that it has noted recent analyst and media comments concerning Wind, its fully owned subsidiary in Italy. The company has held discussions to explore the potential value which would accrue to shareholders through a 50/50 joint venture in Italy. No conclusion to these discussions was reached. The company will continue to explore value adding transactions but there can be no guarantee that a transaction on terms acceptable to the company will be identified.
October 20, 2014
05:32 EDTVIPVimpelCom subsidiary sells Burundi, Central African Republic operations for $65M
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