VEON Announces Settlement of GTH Taxes, Approval of Mandatory Tender Offer and Comprehensive GTH Restructuring
VEON Ltd. - American Depositary Shares (VEON)
US:NASDAQ Investor Relations:
veon.com/investor-relations
Company Research
Source: PR Newswire
AMSTERDAM, June 26, 2019 /PRNewswire/ -- VEON Holdings B.V. ("VEON Holdings"), a wholly-owned subsidiary of VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON, together with VEON Holdings, "VEON"), today announces that its subsidiary Global Telecom Holding S.A.E. ("GTH") has reached agreement with the Egyptian Tax Authority ("ETA") to settle all outstanding tax liabilities of GTH and its Egyptian subsidiaries for a total amount of USD 136 million (the "Tax Settlement"). In addition, the Egyptian Financial Regulatory Authority (the "FRA") has approved VEON's cash tender offer to purchase the shares of GTH not currently held by VEON (being up to 1,997,639,608 shares representing approximately 42.31% of GTH's issued shares), at an adjusted offer price of EGP 5.08 per share (the "Mandatory Tender Offer"). To further simplify VEON's corporate structure, following a successful completion of the Mandatory Tender Offer and the requisite shareholder approval, it is anticipated that GTH will be delis
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- VEON Ltd. (NASDAQ: VEON) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- VEON to release 1Q 2024 trading update on 16 May 2024GlobeNewswire
- Should You Be Impressed By VEON Ltd.'s (NASDAQ:VEON) ROE? [Yahoo! Finance]Yahoo! Finance
VEON
Sec Filings
- 4/12/24 - Form 6-K
- 3/28/24 - Form 6-K
- 3/21/24 - Form 6-K
- VEON's page on the SEC website