Mobile operator Kyivstar has bought one of Ukraine's largest online car ordering services, Uklon, for USD 155.2 million.
The parent company VEON announced this, Ukrainian News Agency reports.
The report states that the total amount of the deal is USD 155.2 million for 97% of Uklon's shares.
Kyivstar expects Uklon CEO Serhii Hryshkov to remain in his position and continue to develop the company's products and services in Ukraine and other regions.
As Ukrainian News Agency earlier reported, on March 19, Kyivstar announced the signing of an agreement to purchase 97% of the corporate rights of the Uklon IT product company, which is a developer of an online car ordering platform and application and is currently represented in Ukraine and Uzbekistan.
Forbes Ukraine estimated the company's current price at USD 40-80 million.
VEON's largest shareholder is LetterOne Group, which was created by the founders of the russian Alfa Group, Mikhail Fridman, German Khan, and Alexei Kuzmichov.
In 2022, they left the board of directors after russia's full-scale invasion of Ukraine and the imposition of sanctions against Fridman.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.