“Svyazinvest” to discuss with minority shareholders how to calculate exchange ratios in connection with the restructuring
Next week the “Svyazinvest” management will for the first time discuss the procedure of calculation of ratios to be applied to exchange shares of “Rostelecom” for shares of the interregional telecom companies (MRK), RBC Daily reported. It is most likely that to appraise the assets the discounted cash flows method will be used, which by estimates of analysts is the most accurate and objective.
The information that the coordination council of “Svyazinvest” will for the first time meet next week to discuss the procedure of calculating ratios to be used to exchange shares of “Rostelecom” for shares of the MRK was received by RBC Daily from three sources close to the company. According to one of them, the preliminary meeting of the council is scheduled for February 3.
RBC Daily mentioned that the discounted cash flows method will most likely be used to appraise the assets. The DCF method consists in appraisal based on such criteria as basic financial figures of the company as well as a number of macro economic factors.
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