VEON Ltd. announced on November 29, 2024, that the Shevchenkivskyi District Court of Kyiv ruled to unfreeze 47.85% of VEON’s corporate rights in Kyivstar and 100% of its corporate rights in other Ukrainian subsidiaries, including Ukraine Tower Company, Kyivstar Tech, and Helsi. This decision fully removes restrictions imposed in October 2023.
This ruling is a significant positive development, demonstrating Ukraine’s commitment to upholding the rule of law and fostering an environment supportive of foreign direct investment. It sends a strong message to the international community and VEON’s investors that investing in Ukraine is viable.
Group CEO Kaan Terzioglu stated that the decision enables VEON to accelerate certain business partnerships and further explore value creation in Kyivstar, aligning with its strategic direction. Kyivstar, with VEON's full support, has been a pillar of Ukraine's resilience, having invested over USD 10 billion in the country since 2013 and committed USD 1 billion for 2023-2027.
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