VEON Is The Sole And Rightful Owner Of Kyivstar, Co Responds To Speculation About Kyivstar
Portfolio Pulse from Benzinga Newsdesk
VEON Ltd. (NASDAQ:VEON) has issued a clarification stating that it remains the sole and rightful owner of Kyivstar, amid speculation about the company's ownership. This follows the Ukrainian Security Services' announcement about seizing the corporate rights of certain individuals in 20 Ukrainian companies, which was misinterpreted by some media as a seizure of Kyivstar's assets. VEON has not received any official communication from Ukrainian authorities regarding these matters. The company also highlighted its commitment to serving Ukraine, as demonstrated by a $600 million investment pledge for the country's recovery and reconstruction.
October 12, 2023 | 2:52 pm
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VEON Ltd. has clarified its sole ownership of Kyivstar amid speculation, which could reassure investors. The company's commitment to Ukraine, demonstrated by a $600 million investment pledge, could also positively impact its reputation.
The clarification of VEON's ownership of Kyivstar could alleviate any investor concerns stemming from the speculation, potentially stabilizing or boosting the company's stock. The $600 million investment pledge demonstrates VEON's commitment to Ukraine, which could enhance its reputation and potentially attract more investors.
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