Uklon Acquired by Kyivstar for $155M
Deal News | Apr 04, 2025 | Asters
Kyivstar, Ukraine's largest telecommunications company, has acquired Uklon Group, a leading player in the Ukrainian online car rental and delivery sector, for $155 million. The acquisition required obtaining merger clearance, for which Uklon engaged Asters as its legal counsel. This deal highlights the growing integration of telecommunications and online transport services in Ukraine.
Sectors
- Telecommunications
- Online Car Rental and Delivery
- Legal Advisory
Geography
- Ukraine – Both the acquiring company, Kyivstar, and the target company, Uklon, are based in Ukraine.
Industry
- Telecommunications – Relates to Kyivstar, the largest telecommunications company in Ukraine, involved in the acquisition.
- Online Car Rental and Delivery – Related to Uklon Group, which operates within this sector in Ukraine.
- Legal Advisory – Asters provided legal counsel services for the merger clearance, representing the legal advisory industry.
Financials
- USD 155 million – The acquisition price for Uklon Group by Kyivstar.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Uklon Group | Target Company | Company | A leader in the Ukrainian online car rental and delivery market. |
| Kyivstar | Bidding Company | Company | The largest telecommunications company in Ukraine. |
| Asters | Legal Advisor | Company | Provided legal counsel to Uklon Group for merger clearance. |