The Russian regulator approved the sale of Beeline to a team of top managers. This is stated in the company's message.
It is expected that the remaining conditions will be met and the transaction will be closed by June 1, 2023.
Recall that VimpelCom's top management concluded an agreement to buy the company from Veon Holding. In accordance with the terms of the transaction agreement, Veon will gain 130 billion rubles from the sale of the asset.
PJSC VimpelCom (Beeline brand) is part of the Veon group of companies, an international telecommunications company offering its customers communication services and Internet services. VimpelCom's revenue for the third quarter of 2021 under IFRS increased by 8.2% to 75.29 billion rubles. compared to a year earlier. EBITDA increased by 1.9% to RUB 28.2 billion.
