By Walter Grand in Economy —

Roman Abramovich and his partners will sell British telecom operator Truphone for £1, - FT

Roman Abramovich and his partners will sell British telecom operator Truphone for £1, - FT
Photo by Alejandro Barba / Unsplash

In 2020, the company was valued at £410 million. The transfer of the asset to two European businessmen is associated with the sanctions imposed on the billionaire by the EU and Britain.

Abramovich owns 23% of the operator, most of the remaining shares are owned by his partners in Evraz Alexander Frolov and Alexander Abramov, writes the publication. According to its data, the businessmen invested in the company more than £300 million ($374.65 million).