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General

Veon agrees sale of Armenian operations to Team

Thursday 29 October 2020 | 08:27 CET | News
Veon said it has agreed to sell Veon Armenia, its operating subsidiary in Armenia working under the Beeline Armenia brand, to Team LLC for USD 51 million. The sale is expected to close shortly. The value of the transaction equates to an EV/EBITDA multiple of 2.9x based on 2019 reported EBITDA.

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Categories: General
Companies: Beeline Armenia / Veon
Countries: Armenia
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