“The Antimonopoly Committee received an application for the purchase of the Uklon taxi service from Kyivstar, Ukraine’s largest telecom company.”, — write: epravda.com.ua
The Antimonopoly Committee received an application for the purchase of the Uklon taxi service from Kyivstar, Ukraine’s largest telecom company. This is stated in the Forbes Ukraine article. Thus, in December 2024, AMCU received applications from “Kyivstar” for the acquisition of Ukrainian LLC “Tech Uklon”, “Uklon Corporate”, “Uklon Ukraine” and Cypriot UKLON LTD, according to the Committee’s response to the publication’s request. AMCU received an application for granting permission to “Kyivstar” to acquire control (through LLC “Uklon Corporate”) over the assets of “Uklon Ukraine”, which ensure the implementation of ride-hailing, delivery and online advertising activities, the response states. Advertisement: Forbes Ukraine estimated the current price of the company and it may amount to $40-80 million. According to EP sources, negotiations between Kyivstar and Uklon regarding a possible acquisition have been ongoing since at least July 2023. According to the EP, one of the reasons for the delay in the adoption of a positive decision could be the currency of the transaction. Advertisement: “Kyivstar” sought to conduct the transaction in hryvnias, as the exchange of large sums of dollars is currently difficult. Read also: “Kyivstar” goes to the people: what is behind the high-profile placement of shares on the stock exchange in the USA Baku did not live up to expectations. Why is Uklon leaving Azerbaijan’s taxi market after a year of work? Let’s remind: VEON telecommunications group is considering the possibility of an initial public offering (IPO) of its Ukrainian company “Kyivstar” in the USA as early as 2025. The Ukrainian online taxi service Uklon will not cancel the export direction – it is planning to return to Moldova and is studying the markets of Eastern Europe.