Quoting two sources familiar with the matter, Reuters reported late last week that indicative offers are expected by the end of this month.
It added that Russia’s VTB Bank, a minority shareholder, has meanwhile said that feedback from potential buyers is expected by the end of the summer.
Roussev currently owns 46% of Vivacom, with VTB (20% minus one share) and Delta Capital (19%) the two other main shareholders.
As previously reported by Broadband TV News, Vivacom has just claimed a legal victory over offshore entities challenging its current ownership.
This followed a ruling last week by the English Commercial Court.
Broadband TV News believes that by disposing of his stake in Vivacom Spas Roussev could be in a stronger position to buy a majority (70%) stake in Telekom Romania from Deutsche Telekom-owned OTE.
He, along with Orange and RCS&RDS, are among the frontrunners to gain control of the telco.