Uklon Sells Controlling Stake to Kyivstar for $155 Million
Deal News | Apr 11, 2025 | CEE Legal Matters
Imagine Lawyers, alongside Asters and Sayenko Kharenko, has successfully facilitated the sale of Uklon’s controlling stake to Kyivstar for a striking $155 million. Uklon, an influential ride-hailing and delivery platform operating in Ukraine and Uzbekistan, found a new stakeholder in Kyivstar, Ukraine’s premier digital operator and part of the Veon Group. This integration is seen as a fruitful addition to Kyivstar’s digital services strategy. Kyivstar CEO Oleksandr Komarov endorsed the acquisition, emphasizing the strategic alignment with their digital offerings. Key legal representatives across Imagine Lawyers, Asters, and Sayenko Kharenko guided this transaction, highlighting the importance of legal expertise in substantial market transactions in Eastern Europe.
Sectors
- Telecommunications
- Transportation and Logistics
- Legal Services
Geography
- Ukraine – Both Uklon and Kyivstar are major companies operating within Ukraine, and the transaction is primarily based there.
- Uzbekistan – Uklon's operational reach extends into Uzbekistan as part of its regional expansion.
- United States – The Veon Group, to which Kyivstar belongs, is listed on the NASDAQ in New York.
Industry
- Telecommunications – Kyivstar, the acquiring company, is a major player in the telecommunications industry.
- Transportation and Logistics – Uklon operates within the ride-hailing and delivery sectors, engaging significantly in transportation and logistics.
- Legal Services – The article highlights the substantial legal advisories provided by Imagine Lawyers, Asters, and Sayenko Kharenko.
Financials
- USD 155 million – The deal price for Kyivstar's acquisition of a controlling stake in Uklon.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Uklon | Target Company | Company | A leading Ukrainian ride-hailing and delivery platform. |
| Kyivstar | Bidding Company | Company | Ukraine’s largest digital operator, part of the Veon Group. |
| Imagine Lawyers | Legal Advisor | Company | Advised the shareholders of the Uklon group companies. |
| Asters | Legal Advisor | Company | Provided legal advice to Uklon during the transaction. |
| Sayenko Kharenko | Legal Advisor | Company | Advised Kyivstar on the acquisition. |