VEON’s Strategic Business Combination with Cohen Circle Nears Completion

An announcement from VEON ( (VEON) ) is now available.

VEON Ltd., a telecommunications company, is involved in a significant business combination with Cohen Circle Acquisition Corp. I, announced on March 18, 2025. This transaction involves VEON Holdings B.V., PubCo, and Varna Merger Sub Corp., collectively known as the Kyivstar Group. On August 11, 2025, Cohen Circle revealed that 25.4% of its Class A ordinary shares were redeemed by shareholders ahead of an extraordinary general meeting on August 12, 2025. The business combination, subject to shareholder and regulatory approvals, is expected to close around August 14, 2025, with approximately $178 million remaining in Cohen Circle’s Trust Account. This move is anticipated to position PubCo as a notable U.S.-listed Ukrainian investment opportunity, impacting VEON’s operations and market presence.

The most recent analyst rating on (VEON) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on VEON stock, see the VEON Stock Forecast page.

Spark’s Take on VEON Stock

According to Spark, TipRanks’ AI Analyst, VEON is a Outperform.

VEON’s overall score is driven by strong earnings call outcomes and technical indicators pointing to upward momentum. While financial performance shows a positive trajectory, high leverage and regional challenges require attention. Attractive valuation further supports the score.

To see Spark’s full report on VEON stock, click here.

More about VEON

Average Trading Volume: 260,390

Technical Sentiment Signal: Buy

Current Market Cap: $3.94B

For an in-depth examination of VEON stock, go to TipRanks’ Overview page.