VEON completes the acquisition of minority shareholding in Pakistan Mobile Communications Limited (PMCL)
VEON Ltd. - American Depositary Shares (VEON)
US:NASDAQ Investor Relations:
veon.com/investor-relations
Company Research
Source: PR Newswire
AMSTERDAM, March 22, 2021 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces that it has successfully concluded the acquisition of the 15% minority stake in PMCL, the operating company of Pakistan's leading mobile operator, Jazz, from the Dhabi Group for USD 273 million.This transaction follows the Dhabi Group's exercise of its put option announced on 28 September 2020 and gives VEON 100% ownership of PMCL. This simplifies and streamlines the Group's governance over its Pakistani assets and enables VEON to capture the full value of this growing business, including future dividends paid by PMCL.Sergi Herrero, VEON's co-CEO, said: "We are excited to conclude this transaction and take full ownership of our business in Pakistan. Jazz has an abundance of growth opportunities as its customers embrace our market-leading 4G and digital services. We look forward to supporting the team at Jazz as they c
Show less
Read more
Impact Snapshot
Event Time:
VEON
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
VEON alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
VEON alerts
High impacting VEON Ltd. - American Depositary Shares news events
Weekly update
A roundup of the hottest topics
VEON
News
- VEON Announces 2024 AGM and Board NomineesGlobeNewswire
- Telenor Pakistan's Buyer Set to Rival Sector Leader by Year-End [BNN Bloomberg (Canada)]BNN Bloomberg
- 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
- 4/24/24 - Form 6-K
- 4/12/24 - Form 6-K
- 3/28/24 - Form 6-K
- VEON's page on the SEC website