VEON Ltd. announced on January 13, 2025, the signing of a Letter of Intent (LOI) with Cohen Circle Acquisition Corp. I, a special purpose acquisition company (SPAC). This LOI aims to enter into a business combination to indirectly list Kyivstar, VEON’s digital operator in Ukraine, on the Nasdaq Stock Market LLC.
This strategic move is intended to make Kyivstar the first purely Ukrainian investment opportunity to be publicly listed on a U.S. stock exchange. It will enable U.S. and other international investors to participate more directly in Ukraine's economic growth and resilience.
Group CEO Kaan Terzioglu emphasized that this listing would be a defining moment for Ukraine’s economic future and a unique opportunity for global investors. The LOI represents a significant step forward in VEON's plan to crystallize value from its Ukrainian asset.
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