Kyivstar, the largest national electronic communications operator, and Uklon, the IT product company, which is the developer of an online platform and car ordering application, have successfully completed the process of closing the deal to purchase 97% of Uklon's corporate rights.
This is stated in the Kyivstar company's statement, the Ukrainian News agency reports.
The statement says that the amount of the deal made USD 155.2 million.
It is noted that after the closing of the deal, Kyivstar and Uklon remain separate businesses, and the company's team led by Uklon CEO Serhii Hryshkov will continue to work on the development of the company's products and services in Ukraine and other markets in full.
3% of Uklon's corporate rights remain in the ownership of Vitaiiy Diatlenko, one of the company's co-founders.
Uklon's corporate management will be carried out by the Supervisory Board headed by Oleksandr Komarov, CEO of Kyivstar.
The management body will include representatives of both companies, in particular, Zoia Dronshkevych, Kyivstar Business Development Director, Borys Dolhushyn, Kyivstar CFO, and Uklon co-founders – Serhii Smus and Vitalii Diatlenko.
Under the terms of the agreement, Kyivstar made a payment in hryvnia, from which all taxes on the funds received in the amount of 23% (including military duty) will be paid to the State Budget of Ukraine.
At the same time, a part of the funds received in the amount of 12% will be paid to members of the Uklon team who were participants in the company's motivational program.
In the process of implementing the agreement, the Sayenko Kharenko law firm acted as legal advisors, and the audit company KPMG Ukraine acted as financial consultants to Kyivstar.
The Imagine Lawyers law firm acted as legal advisor to Uklon.
The Dragon Capital investment company provided exclusive financial support from Uklon.
As the Ukrainian News agency earlier reported, on March 19, Kyivstar bought one of Ukraine's largest online car ordering services, Uklon, for USD 155.2 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.
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