Veon navigates some bumps on its route out of Russia

Netherlands-based Veon has agreed a minor tweak to the management buyout of its Russian arm VimpelCom.
It is coming up to a year since Veon agreed to offload VimpelCom to a group led by the unit’s CEO, Aleksander Torbakhov, for $2.1 billion. It was agreed initially that a big chunk of the purchase price would be covered by VimpelCom taking on and cancelling a portion of Veon’s debt.
This week, Veon revealed that the transaction will now be entirely funded this way.
Veon also seems to