VEON Ltd. announced on April 8, 2025, the successful completion of the reorganization of VEON Holdings B.V. and the finalization of its consent solicitation process, initially announced on January 13, 2025. These steps are crucial for the proposed business combination with Cohen Circle Acquisition Corp. I.
The reorganization involved a legal demerger in the Netherlands, resulting in VEON Holdings B.V. now focusing solely on Kyivstar and related assets, while VEON’s other core businesses have been transferred to newly formed Dutch entities. This streamlines the corporate structure in preparation for the listing.
VEON also secured approval from holders of its 2027 bonds to transfer the issuer from VEON Holdings B.V. to VEON MidCo B.V., with unanimous support from 95.83% of represented bondholders at a meeting on January 30, 2025. This paves the way for Kyivstar Group Ltd. to list on Nasdaq under the ticker symbol KYIV.
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