Aspring Сapital News

Aspring Capital advised VEON on Russian operations sale to local management for RUB130bn.

November 24, 2022, Moscow – Aspring Capital acted as the financial advisor to VEON Ltd. on the sale of PJSC VimpelCom that operates in Russia under the Beeline brand.  The announced deal is among the largest in Russia in 2022.

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. 

” We are very pleased to organize a highly competitive process that allows to ensure an optimal outcome to achieve both VEON's strategic goals and further development of PJSC VimpelCom's business in Russia”, – said Sergey Airapetov, Partner at Aspring Capital.

Link to the official press release
Get more on the story in Forbes and RBC publications 

Transaction Team
Sergey Airapetov, Partner
Alexey Kuprianov, Director
Matvei Gafanovich, Associate.