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The bailiffs plan to sell the stake to cover a $1.7 billion award that a Siberian court had ordered the Norwegian group to pay to Vimpelcom for holding back its entry into Ukraine.Telenor shares were suspended after falling over 6 percent after the announcement. Trading resumed and the stock was down 3.62 percent at 1305 GMT.can argue looking at today market reaction that many investors did not really believe the stock will be sold, said Espen Torgersen, an analyst at Carnegie in Oslo. Find this strange, but I have been sceptical for a long time.Telenor sees the suit as part of its protracted dispute with Russian billionaire Mikhail Fridman Alfa Group.The latter has denied any link to Farimex, a tiny Vimpelcom shareholder behind the suit, but analysts believe the fine is a manoeuvre linked to high stakes talks between the two companies.Norway had said the outcome of the case would influence foreigners perceptions of Russia and demanded Telenor holdings be left intact until the case had run its course in Russia courts.Telenor appeal against the fine is due to be heard by another Siberian court on Sept.
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