Market Chatter: Veon Considering IPO for Ukrainian Unit Kyivstar in US

MT Newswires Live11-14 21:00

Veon (VEON) is looking into a potential initial public offering for its Ukrainian unit Kyivstar in the US next year, Reuters reported Thursday, citing Chief Executive Kaan Terzioglu.

"We have not made those decisions yet, but we are committed to looking into IPOs of our local assets. And clearly, Kyivstar is one of those assets which could be in the line of this process," Reuters quoted Terzioglu as saying in an interview.

The process is in the early stages and Veon has not discussed it with Ukrainian officials, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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