Option Millionaires

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VEON
Veon's Kyivstar signs agreement to acquire 97% of Uklon for $155.2M
VEON's JSC Kyivstar has signed an agreement to acquire Uklon group, a Ukrainian ride-hailing and delivery platform. This strategic acquisition marks Kyivstar's expansion into a new area of digital consumer services in line with VEON's digital operator strategy. Uklon operates in 27 cities across Ukraine and unites more than 100 thousand driver-partners on the platform. The company facilitated over 100 million rides and more than 3 million deliveries in 2024. In 2023, Uklon entered the deliveries business and expanded its operations into Uzbekistan, where VEON's Beeline Uzbekistan also operates as the country's leading digital operator. Upon closing of the deal, Kyivstar will acquire 97% of Uklon shares for a total consideration of $155.2M. Uklon CEO Serhii Hryshkov is expected to remain in his position, where he will continue developing the company's products and services in Ukraine and other geographies. The agreement is subject to customary closing conditions and approvals.