net_left adver left
Detail

Mobile operator Veon to sell Russian business for $2.2 billion

By Alexander Marrow and Supantha Mukherjee MOSCOW (Reuters) -Amsterdam-listed mobile operator Veon said on Thursday it would sell its Russian business, Vimpelcom, to senior...
Mobile operator Veon to sell Russian business for $2.2 billion © Reuters.

By Alexander Marrow and Supantha Mukherjee

MOSCOW (Reuters) -Amsterdam-listed mobile operator Veon said on Thursday it would sell its Russian business, Vimpelcom, to senior members of the Vimpelcom management team, led by CEO Aleksander Torbakhov, for 130 billion roubles ($2.2 billion)

Veon operates the Beeline brand through Vimpelcom in Russia, a market that accounts for about half of group revenue. Veon also operates Beeline in Kazakhstan and Kyivstar in Ukraine.

Veon, which expects the transaction to be complete by June 1, joins a growing list of Western companies that have sold assets in Russia since Moscow sent tens of thousands of troops into Ukraine on Feb. 24.

Veon said the management buyout of Vimpelcom implied an expected enterprise value of approximately 370 billion roubles. Though Veon is selling at a discount, the transaction represents a relatively rare example of money changing hands between parties as companies race to exit Russia.

Japan's Nissan (OTC:NSANY) took a $687 million loss in handing over its business in Russia to a state-owned entity for one euro, mirroring an earlier move by Renault (EPA:RENA) which sold its majority stake in Russia's Avtovaz for one rouble. Many companies have not disclosed the price of their divestments.

The agreement includes a provision that enables Veon to benefit from Vimpelcom selling at a higher valuation for a period of 30 months after the deal closes.

Veon's shares rose 8.6% in thin trade in Amsterdam to 0.57 euros as of 1532 GMT. The shares have traded near record lows since tumbling after Russia began what it calls its "special military operation" in Ukraine.

"The management buyout of our Russian operations will benefit all involved," Veon CEO Kaan Terzioglu said in a statement to Reuters.

"Customers and employees will see a seamless transition, investors and bondholders will see a deleveraging of our balance sheet, and Veon will be able to focus on our digital operator strategy across our portfolio of operating countries."

Veon's Kazakhstan operations will be transferred to Veon Holdings as part of the transaction and certain inter-company loans will be extinguished, Veon said.

Torbakhov said the deal marked an important milestone for Beeline.

"The top management team represented by me, Svetlana Kirsanova, Maxim Zaikov, Valeriy Shorzhin and Renat Nasretdinov managed to form the most balanced offer for Veon Group, that ensured its victory in the competitive process on selling the asset," Torbakhov said.

($1 = 60.3500 roubles)

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
26-11-2022 19:55:35 (UTC+7)

EUR/USD

1.0402

-0.0006 (-0.06%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (3)

EUR/USD

1.0402

-0.0006 (-0.06%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (3)

GBP/USD

1.2095

-0.0015 (-0.12%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

USD/JPY

139.12

+0.51 (+0.36%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (4)

AUD/USD

0.6751

-0.0013 (-0.18%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (5)

Sell (2)

USD/CAD

1.3377

+0.0040 (+0.30%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (5)

EUR/JPY

144.66

+0.40 (+0.27%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (4)

EUR/CHF

0.9835

+0.0019 (+0.19%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (5)

Sell (2)

Gold Futures

1,755.00

+9.40 (+0.54%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

Silver Futures

21.480

+0.113 (+0.53%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Copper Futures

3.6175

-0.0005 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (10)

Sell (0)

Crude Oil WTI Futures

76.55

-1.39 (-1.78%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Brent Oil Futures

83.91

-1.43 (-1.68%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Natural Gas Futures

6.802

-0.506 (-6.92%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

US Coffee C Futures

164.40

+1.65 (+1.01%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

Euro Stoxx 50

3,962.41

+0.42 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

S&P 500

4,026.12

-1.14 (-0.03%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

DAX

14,541.38

+1.82 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (2)

FTSE 100

7,486.67

+20.07 (+0.27%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (1)

Hang Seng

17,573.58

-87.32 (-0.49%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (0)

Sell (5)

US Small Cap 2000

1,869.19

+6.37 (+0.34%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (2)

IBEX 35

8,416.60

+37.20 (+0.00%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

BASF SE NA O.N.

49.605

-0.280 (-0.56%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (4)

Bayer AG NA

55.45

-0.06 (-0.11%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (6)

Allianz SE VNA O.N.

205.35

+0.40 (+0.20%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

Adidas AG

123.98

-2.68 (-2.12%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (5)

Deutsche Lufthansa AG

7.567

+0.036 (+0.48%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (9)

Siemens AG Class N

132.06

+1.10 (+0.84%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Deutsche Bank AG

10.390

+0.020 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

 EUR/USD1.0402Neutral
 GBP/USD1.2095↑ Buy
 USD/JPY139.12Neutral
 AUD/USD0.6751Neutral
 USD/CAD1.3377Sell
 EUR/JPY144.66↑ Sell
 EUR/CHF0.9835Neutral
 Gold1,755.00Sell
 Silver21.480↑ Buy
 Copper3.6175↑ Buy
 Crude Oil WTI76.55Buy
 Brent Oil83.91↑ Sell
 Natural Gas6.802↑ Sell
 US Coffee C164.40↑ Sell
 Euro Stoxx 503,962.41↑ Buy
 S&P 5004,026.12Neutral
 DAX14,541.38↑ Buy
 FTSE 1007,486.67↑ Buy
 Hang Seng17,573.58Neutral
 Small Cap 20001,869.19↑ Buy
 IBEX 358,416.60Sell
 BASF49.605Neutral
 Bayer55.45Sell
 Allianz205.35↑ Buy
 Adidas123.98Neutral
 Lufthansa7.567↑ Sell
 Siemens AG132.06↑ Buy
 Deutsche Bank AG10.390↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,660/ 6,730
(0/ 0) # 1,488
SJC HCM6,660/ 6,760
(-10/ -10) # 1,510
SJC Hanoi6,660/ 6,762
(-10/ -10) # 1,512
SJC Danang6,660/ 6,762
(-10/ -10) # 1,512
SJC Nhatrang6,660/ 6,762
(-10/ -10) # 1,512
SJC Cantho6,660/ 6,762
(-10/ -10) # 1,512
Cập nhật 26-11-2022 19:55:37
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,754.60-0.88-0.05%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.91025.400
RON 95-III23.78024.250
E5 RON 92-II22.67023.120
DO 0.05S24.80025.290
DO 0,001S-V26.78027.310
Dầu hỏa 2-K24.64025.130
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.570,0024.840,00
EUR25.158,7926.565,16
GBP29.229,5930.473,22
JPY173,58183,74
KRW16,1719,70
Cập nhật lúc 18:00:47 26/11/2022
Xem bảng tỷ giá hối đoái
adver main right