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Shah Capital urges Veon to list Kyivstar on Nasdaq and initiate a $100m share buyback to boost stock performance.
Shah Capital Management, which owns 7% of Veon Ltd., has urged the telecommunications company to improve its stock performance by listing its Ukrainian subsidiary, Kyivstar, on Nasdaq and initiating a $100 million share buyback.
Veon, which is delisting from Euronext Amsterdam, is exploring IPOs for Kyivstar and its Pakistan unit, Jazz.
Shah Capital believes Veon should achieve a higher valuation compared to its peers and has suggested strategic changes to unlock potential growth.
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Shah Capital insta a Veon a incluir a Kievstar en Nasdaq e iniciar una recompra de acciones de $100 millones para aumentar el rendimiento de las acciones.