Wednesday, January 15 2020 13:53
Alexandr Avanesov

Veon is negotiating the sale of its business in Armenia - Kommersant

Veon is negotiating the sale of its business in Armenia - Kommersant

ArmInfo. Veon Telecommunication Holding (owns VimpelCom, the Beeline brand) is  negotiating with the Ucom operator about the possible sale of its  business in Armenia, the Kommersant newspaper reported citing the  company's press service.  "These negotiations may or may not have the  result of a deal. Veon will inform about updates if they are in  accordance with the requirements," the holding said in a statement.

Veon owns assets in Russia, Ukraine, Kazakhstan, Kyrgyzstan,  Uzbekistan, Armenia, Georgia, Tajikistan, Algeria, Pakistan and  Bangladesh. 47.9% of the holding is owned by LetterOne Mikhail  Fridman and his partners, another 8.3% is controlled by the Dutch  trust, 34.9% of the shares are in free float. 

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