JSC Kopernik-Invest 3 to acquire Russian operations of VEON for $2.1bn.

JSC Kopernik-Invest 3, a special purpose acquisition company, agreed to acquire Russian operations of VEON, a Dutch-domiciled multinational telecommunication services company, for $2.1bn. “After considering numerous options, I am confident that the agreed sale of VEON’s Russian operations to the VimpelCom management team represents an optimal solution for VEON, its Russian operations and the stakeholders of both companies, including customers, shareholders and creditors, as well as employees both in and outside of Russia. VEON is committed to ensuring the transaction is seamless for staff and customers in Russia, with no disruption to the services currently provided,” Kaan Terzioğlu, VEON Group CEO.