VEON Enters The Final Stages In The Sale Of Its Russia Operations
Portfolio Pulse from Happy Mohamed
VEON Ltd. has submitted all necessary documentation for the cancellation of its Eurobonds held by subsidiary PJSC VimpelCom, entering the final stages of the sale of its Russia operations. The cancellation is a non-cash transaction necessary for VEON's timely exit from Russia.
May 30, 2023 | 12:39 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
VEON is in the final stages of selling its Russia operations, having submitted documentation for Eurobonds cancellation held by its subsidiary.
The cancellation of VEON's Eurobonds is a crucial step in the sale of its Russia operations. This non-cash transaction is necessary for VEON's timely exit from Russia and protects the company and its investors from the risk of double payments in the future. This development is likely to have a positive short-term impact on VEON's stock price as it moves closer to completing the sale.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100