The management buy-out of VimpelCom implies an expected enterprise value of approximately RUB 370 billion. Under the agreement, VEON will receive total consideration of RUB 130 billion (approximately USD 2.1 billion).
The transaction is subject to customary closing conditions, including receipt of requisite regulatory approvals, licenses from relevant government authorities and any required consent from VEON creditors. The target completion date for the transaction is on or before 1 June 2023.
VEON Ltd. is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services.
Link to the official press release
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