Agreement signedPublished 23 Jul 2025

Kyivstar Group Ltd. /
VEON Holdings

Kyivstar Group Ltd. to acquire VEON Holdings in business combination

Buy side: Kyivstar Group Ltd.
Buy sideKyivstar Group Ltd.
Target: VEON Holdings
TargetVEON Holdings
Cohen Circle Acquisition Corp. I · 23 Jul 2025Source
Buy side: Kyivstar Group Ltd.
Buy sideKyivstar Group Ltd.
Target: VEON Holdings
TargetVEON Holdings
01 / BuyerKyivstar Group Ltd.
02 / TargetVEON Holdings
Source for the buyer and target: Cohen Circle Acquisition Corp. I

For the buyer and target.

“The Business Combination Agreement has been approved by the boards of directors of each of SPAC, VEON Ltd. (“VEON”), the Seller, VEON Holdings, the sole directors of Kyivstar Group Ltd. and Merger Sub, VEON, as the sole shareholder of the Seller, the Seller, as the sole shareholder of VEON Holdings and Kyivstar Group Ltd., and Kyivstar Group Ltd., as the sole shareholder of Merger Sub.”

Published 23 Jul 2025

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01

What happened

Kyivstar Group Ltd. entered into a business combination agreement that provides for the purchase of VEON Holdings from VEON Amsterdam B.V. in exchange for newly issued Kyivstar Group Ltd. Common Shares and a Seller Loan Note. [01]

The defined Closing Equity Value is $2,210,000,000, subject to cash adjustments. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · Cohen Circle Acquisition Corp. I

Kyivstar Group Ltd. to acquire VEON Holdings in business combination

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03

Timeline

Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.

  1. Published by Cohen Circle Acquisition Corp. I

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