Ukraine’s Biggest Mobile Firm Agrees SPAC Deal to List in NY (1)

Veon Ltd. announced plans to list its subsidiary Kyivstar, Ukraine’s largest mobile phone operator, on the Nasdaq exchange in New York through a combination with a special purpose acquisition company.

Veon has signed a letter of intent with veteran dealmaker Betsy Cohen’s Cohen Circle Acquisition Corp. I SPAC with the aim to indirectly list Kyivstar, the company said in a statement on Monday.

The deal “would make Kyivstar the first purely Ukrainian investment opportunity to be publicly listed on a US stock exchange,” Veon said in the statement.

Veon will continue to hold a majority stake in the listed ...