Veon-backed Beeline Kazakhstan to acquire OLX Kazakhstan from Prosus-backed OLX Group for $75m.

Veon-backed Beeline Kazakhstan, the Kazakh operation business of Beeline, a Russian mobile network operator, agreed to acquire OLX Kazakhstan, the Kazakh operation business of OLX, from Prosus-backed OLX Group, a global online classifieds platform, for $75m. “Beeline Kazakhstan is a leader in digital innovation for consumers and enterprises, and the acquisition of OLX KZ represents a significant opportunity to further enhance the digital operator’s offering to customers. I am happy to welcome the OLX KZ team, who have successfully developed a consistently profitable, market-leading business in Kazakhstan, to the VEON family and look forward to the opportunities that this new digital vertical will create for the Group’s digital operator strategy,” Kaan Terzioglu, VEON Group CEO.