Veon finally completes Russia exit

Operator group Veon has completed the sale of its Russian subsidiary PJSC VimpelCom to the latter’s senior management team.
The process has taken almost a year to play out after it was announced last November. The price paid for VimpelCom was originally going to be some combination of cash and the assumption of its debt. But last month, perhaps because it must be difficult to raise money to invest in Russian assets these days, they decided taking on the debt alone was sufficient payment.
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