Telecoms group Veon said on Monday it has signed a letter of intent with special purpose acquisition company (SPAC) Cohen Circle to combine their businesses, with the aim of indirectly listing Ukraine's leading digital operator Kyivstar on the Nasdaq stock exchange in New York.
Veon will retain a majority stake in the publicly listed entity. Further details about the business combination are expected to be announced following the execution of a definitive agreement, anticipated by the second quarter of 2025.
