Businessman Roman Abramovich. File photo MOSCOW, June 4 British telecommunications group Truphone, owned by Russian businessman Roman Abramovich and his partners, will be sold for one pound to two European entrepreneurs, the British newspaper Financial Times reports, citing people familiar with it. that Abramovich owns 23% of the company's shares, and his partners Alexander Abramov and Alexander Frolov most of the rest. Truphone was valued at £410m in 2020, with Abramovich and his partners investing more than £300m in the business, according to the paper. The decision to sell was made after the introduction of sanctions against the businessman by British and European countries. According to informed sources, the deal will be concluded in June. The new owners of Truphone will be German businessman Hakan Koch and his business partner Pirros Koussios. Koch will own 90% of the shares, and Kussios 10%. The newspaper's sources also noted that the current owners of the business are committed to investing more than ten million pounds in the company and will assume certain contractual obligations. For example, they will pay debts, including a $660,000 fine related to misrepresenting the company's ownership structure. Sources add that if the business is profitable and increases its value, then the current owners will receive up to a third of the original investment. However, if Abramovich remains sanctioned during this time, he will not receive the money. Abramovich Club
