The Shevchenkivskyi District Court of Kyiv has lifted the arrest of 47% of corporate rights of the company "Kyivstar," which is part of the international group Veon.
This was announced in a press release by "Kyivstar."
Under arrest were 47.85% of corporate rights of Veon in "Kyivstar" and 100% of corporate rights of other Ukrainian subsidiaries of the group: Ukraine Tower Company, Kyivstar Tech, and Helsi.
With this decision, the court fully removed the previously imposed restrictions on corporate rights, including 47.85% of the share capital of "Kyivstar." This stake is held by structures connected with LetterOne — a company owned by sanctioned Russian oligarchs Mikhail Fridman, Petr Aven, and Andrey Kosogov. They are part of the closest circle to the Russian President Vladimir Putin and support Russian aggression.
"Today’s decision allows us to focus on expanding 4G, enhancing energy resilience, and developing digital services. Thanks to our team and the support of VEON, we play a key role in strengthening Ukraine’s resilience and its recovery," said Kyivstar CEO Oleksandr Komarov.
In the company VEON, whose shares are traded on the Nasdaq exchange, the court’s decision was also positively received on behalf of all stakeholders. "Creating a safe and transparent environment for direct foreign investment, Ukraine positions itself as a reliable partner for international business and strengthens the trust of current and potential investors," said Augie Fabela II, chairman of the board and founder of VEON.