“The Shevchenkiv District Court of Kyiv decided to lift the arrest from the corporate rights of Kyivstar, which is part of the VEON international group.”, — write: epravda.com.ua
The Shevchenkiv District Court of Kyiv lifted the seizure of 47% of the corporate rights of Kyivstar, which is part of the Veon international group. This is stated in the release of “Kyivstar”, which is at the disposal of the EP. 47.85% of Veon’s corporate rights in “Kyivstar” and 100% of corporate rights in other Ukrainian subsidiaries of the group: Ukraine Tower Company, Kyivstar Tech and Helsi were under arrest. With this decision, the court completely canceled the previously imposed restrictions on corporate rights, in particular on 47.85% of the authorized capital of “Kyivstar”. This share belongs to entities connected with LetterOne, a company owned by sanctioned Russian oligarchs Mykhailo Fridman, Petro Aven and Andriy Kosogov. They are part of the closest circle of Russian President Vladimir Putin and finance Russian aggression. Advertisement: “Today’s decision allows us to focus on the expansion of 4G, increasing energy sustainability and the development of digital services. Thanks to our team and the support of VEON, we play a key role in strengthening the resilience of Ukraine and its rebuilding,” said Kyivstar CEO Oleksandr Komarov. Advertisement: In the VEON company, whose shares are traded on the Nasdaq exchange, also welcomed the court’s decision on behalf of all stakeholders. “By creating a safe and transparent environment for foreign direct investment, Ukraine demonstrates itself as a reliable partner for international business and strengthens the trust of current and potential investors,” said Ogi K. Fabela II, Chairman of the Board and founder of VEON. Read also: “Hello, Friedman? You won’t believe it.” Will Ukraine nationalize “Kyivstar” We will remind: Earlier, in October 2023, the court seized all corporate rights in Ukraine belonging to the sanctioned Russian oligarchs Mykhailo Fridman, Petro Aven and Andriy Kosogov, who are part of the entourage of the President of the Russian Federation Vladimir Putin and finance the Russian aggression According to EP sources, among the seized assets were 100% of PJSC “Kyivstar”, which was allegedly controlled by these oligarchs through the Dutch company VEON Ltd.. As well as shares already belonging to “Kyivstar” in other companies, in particular “Helsy Ukraine” LLC, at the disposal of which is the medical data of the majority of Ukrainians who signed a declaration with a family doctor. Subsequently, the Shevchenkivskiy District Court of Kyiv clarified the decision on the seizure of shares of mobile operators Kyivstar and lifecell, which now applies only to shares controlled by Russian oligarchs. In April 2024, lifecell announced that it was preparing to appeal the court’s decision to freeze Friedman’s share (19% of shares) in the company. Subsequently, on April 16, the Court of Appeal of Kyiv canceled the seizure of 19.8% of Lifecell shares and 100% of Paycell shares, which paves the way for the completion of the agreement with NJJ Holding.
