Ukrainian telecommunications company Kyivstar has officially announced the acquisition of 97% of the corporate rights of Uklon, one of Ukraine's largest online taxi services. The deal is valued at $155.2 million, the company shared the details with AIN.
- Under the terms of the deal, Uklon will continue to operate as a separate company and its team, led by CEO Serhii Hryshkov will remain unchanged.
- The transaction is expected to close in April 2025, subject to customary closing conditions.
- Dragon Capital acted as financial advisor to Uklon in the transaction.
The company notes that the acquisition of Uklon is part of Kyivstar's strategy to build a digital ecosystem, as well as a step toward fulfilling parent company VEON's commitment to invest $1 billion in 2023-2027.
For Uklon, the deal opens up opportunities for scaling, including expansion into international markets and strengthening its technological infrastructure. The company currently operates in 27 cities in Ukraine and Uzbekistan, connecting more than 100,000 partner drivers.
Previously, Uklon officially confirmed that it is in negotiations with Kyivstar on a possible deal. Later, VEON, Kyivstar's parent company, signed a definitive agreement to indirectly list Kyivstar on the Nasdaq Stock Market in the United States.
