VEON’s Beeline Kazakhstan to Acquire Online Classifieds Business OLX Kazakhstan
VEON (Nasdaq: VEON) announced that Beeline Kazakhstan will acquire 100% of OLX Kazakhstan for USD 75 million. OLX KZ is a leading Kazakh online classifieds platform with ~10 million monthly active users, 3.6 million listings, and monthly reach of >52% of the country’s active internet users as of June 30, 2025. The deal is positioned to extend Beeline Kazakhstan’s digital services and create integration synergies while OLX Group will provide transitional IT support. The transaction remains subject to regulatory approvals and customary closing conditions.
VEON (Nasdaq: VEON) ha annunciato che Beeline Kazakhstan acquisirà il 100% di OLX Kazakhstan per 75 milioni di USD. OLX KZ è una piattaforma di annunci online leader in Kazakistan con circa 10 milioni di utenti attivi mensili, 3,6 milioni di annunci, e una copertura mensile di 52% degli utenti Internet attivi del Paese al 30 giugno 2025. L'operazione è mirata a estendere i servizi digitali di Beeline Kazakhstan e creare sinergie di integrazione, mentre OLX Group fornirà supporto IT transitorio. La transazione è soggetta a approvazioni regolamentari e alle consuete condizioni di chiusura.
VEON (Nasdaq: VEON) anunció que Beeline Kazakhstan adquirirá el 100% de OLX Kazakhstan por 75 millones de USD. OLX KZ es una plataforma líder de clasificados en línea en Kazajistán con ~10 millones de usuarios activos mensuales, 3,6 millones de anuncios, y un alcance mensual del 52% de los usuarios activos de Internet del país al 30 de junio de 2025. El acuerdo está diseñado para ampliar los servicios digitales de Beeline Kazakhstan y generar sinergias de integración, mientras OLX Group proporcionará apoyo informático transitorio. La operación sigue sujeto a aprobaciones regulatorias y a las condiciones de cierre habituales.
VEON (나스닥: VEON)은 Beeline Kazakhstan가 OLX Kazakhstan의 전부인수를 7500만 달러에 체결할 것이라고 발표했습니다. OLX KZ는 카자흐스탄의 선도적인 온라인 광고 플랫폼으로, 약 월간 활성 사용자 1,000만 명, 3.6백만 개의 매물, 그리고 2025년 6월 30일 기준 카자흐스탄 활성 인터넷 사용자의 52%에 이르는 월간 도달률을 보유하고 있습니다. 거래는 Beeline Kazakhstan의 디지털 서비스 확장과 통합 시너지를 창출하는 것을 목표로 하며, OLX Group은 이행 IT 지원을 제공할 것입니다. 거래는 규제 승인 및 관례적 종결 조건의 대상입니다.
VEON (Nasdaq : VEON) a annoncé que Beeline Kazakhstan acquerrait 100% d'OLX Kazakhstan pour 75 millions de dollars américains. OLX KZ est une plateforme leader de petites annonces en ligne au Kazakhstan avec environ 10 millions d'utilisateurs actifs mensuels, 3,6 millions d'annonces, et une portée mensuelle de 52% des utilisateurs actifs d'Internet du pays au 30 juin 2025. L'accord vise à étendre les services numériques de Beeline Kazakhstan et à créer des synergies d'intégration, tandis qu'OLX Group fournira un soutien informatique transitoire. La transaction reste soumise à des autorisations réglementaires et aux conditions habituelles de clôture.
VEON (Nasdaq: VEON) gab bekannt, dass Beeline Kazakhstan 100% von OLX Kazakhstan für 75 Millionen USD erwerben wird. OLX KZ ist eine führende kazakhische Online-Kleinanzeigenplattform mit ca. 10 Millionen monatlich aktiven Nutzern, 3,6 Millionen Inseraten und einer monatlichen Reichweite von 52% der aktiven Internetnutzer des Landes zum 30. Juni 2025. Der Deal zielt darauf ab, die digitalen Dienste von Beeline Kazakhstan zu erweitern und Integrationssynergien zu schaffen, während OLX Group Übergangs-IT-Unterstützung bereitstellt. Die Transaktion steht unter dem Vorbehalt regulatorischer Genehmigungen und üblicher Schlussbedingungen.
VEON (ناسداك: VEON) أعلنت أن Beeline Kazakhstan ستستحوذ على 100% من OLX Kazakhstan مقابل 75 مليون دولار أمريكي. OLX KZ هي منصة إعلانات مبوبة عبر الإنترنت رائدة في كازاخستان بواقع نحو 10 ملايين مستخدم نشط شهرياً، 3.6 ملايين إعلان، وبمدى شهري يصل إلى 52% من مستخدمي الإنترنت النشطين في البلاد حتى 30 يونيو 2025. تهدف الصفقة إلى توسيع الخدمات الرقمية لـ Beeline Kazakhstan وخلق تآزر في التكامل، بينما ستوفر OLX Group دعم تكنولوجيا معلومات انتقالي. لا تزال المعاملة خاضعة لـ الموافقات التنظيمية وشروط الإغلاق المعتادة.
VEON（纳斯达克：VEON）宣布 Beeline Kazakhstan 将以 7500万美元 收购 OLX Kazakhstan 的全部股份，即 100%。OLX KZ 是哈萨克斯坦的领先在线分类广告平台，约有 1000万月活跃用户、360万条房源，以及截至 2025 年 6 月 30 日的月度覆盖率为 该国活跃互联网用户的 52%。此次交易旨在扩大 Beeline Kazakhstan 的数字化服务并创造整合协同效应，同时 OLX Group 将提供过渡性 IT 支持。交易仍需获得 监管批准 及通常的成交条件。
- Deal value of USD 75 million
- 10 million monthly active users reported at June 30, 2025
- 3.6 million listings on the OLX KZ platform
- Transaction is subject to regulatory approvals and customary closing conditions
Insights
VEON’s Beeline Kazakhstan will acquire OLX Kazakhstan for
Beeline Kazakhstan buys 100% of OLX KZ for
Key dependencies include regulatory approvals and customary closing conditions, plus a transitional IT support arrangement from OLX Group. Integration risks center on technical handover, user experience continuity, and retaining marketplace liquidity after ownership change.
Watch regulatory clearance timing and the transitional IT support terms over the next few quarters; monitor user engagement trends and listing volumes immediately post-close and across
Astana, Amsterdam and Dubai, October 21, 2025 – VEON Ltd. (Nasdaq: VEON) (“VEON”), a global digital operator, and OLX Group announce today that Beeline Kazakhstan, VEON’s Kazakh operating company, has agreed to acquire
Founded as a marketplace connecting millions of buyers and sellers across goods and services, jobs, autos and real estate, OLX KZ is one of the most widely used digital platforms in Kazakhstan. As of June 30, 2025, OLX KZ had approximately 10 million monthly active users and 3.6 million listings, and was visited monthly by more than
“Beeline Kazakhstan is a leader in digital innovation for consumers and enterprises, and the acquisition of OLX KZ represents a significant opportunity to further enhance the digital operator’s offering to customers,” said Kaan Terzioglu, VEON Group CEO. “I am happy to welcome the OLX KZ team, who have successfully developed a consistently profitable, market-leading business in Kazakhstan, to the VEON family and look forward to the opportunities that this new digital vertical will create for the Group’s digital operator strategy.”
“I am excited about the potential synergies we see from integrating Kazakhstan’s leading online classifieds business into Beeline Kazakhstan’s digital services ecosystem. OLX KZ will make it possible for us to offer customers a more comprehensive and better-integrated set of digital services, while also reaching more users with one of the market-leading businesses,” said Evgeniy Nastradin, CEO of Beeline Kazakhstan.
“We’re proud of what our team in Kazakhstan has built with OLX KZ - a trusted, scaled marketplace serving millions of Kazakhs every day,” commented Christian Gisy, CEO of OLX Group. “This transaction aligns with our strategy to focus on core categories and key markets, while placing OLX KZ with an owner that brings deep local reach and a powerful digital ecosystem. We thank the team for their outstanding work and are confident Beeline Kazakhstan will drive the business’s next phase of growth.”
Beeline Kazakhstan’s acquisition of OLX KZ is subject to regulatory approvals and customary closing conditions. OLX Group will provide certain IT related support services to OLX KZ over a transitional period.
About Beeline Kazakhstan
Beeline Kazakhstan serves 11 million customers with mobile connectivity and two million with fixed internet services. Since 2018, the company has been executing its digital operator strategy. Over the past five years, leveraging its expertise in digital solution development, Beeline has created an ecosystem of 60 internal and external products. Beeline Kazakhstan is majority-owned by VEON.
About VEON
VEON is a digital operator that provides connectivity and digital services to nearly 160 million customers. Operating across five countries that are home to more than
About OLX Group
OLX builds online marketplaces that facilitate trade and enable millions of people worldwide every month to access a broad range of products and services. OLX Group is the classifieds business of Prosus, a global technology company and the power behind the leading lifestyle ecommerce brands in Latin America, Europe and India.
Forward-Looking Statements
This press release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “opportunity,” “plan,” “project,” “should,” “strategy,” “will,” “will be,” “will continue,” “will likely result,” “would” and similar expressions (including the negative versions of such words or expressions).
Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON’s and its subsidiaries’ commercial strategies and M&A plans. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements including, without limitation, statements relating to the proposed acquisition and among other things, the expected timing of closing the proposed acquisition, as well as the expected impact of the proposed acquisition on VEON and OLX KZ’s business operations. These statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause VEON’s and/or OLX KZ’s, actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements in this press release, including, but not limited to; the occurrence of any event, change or other circumstances that could give rise to the termination of the agreement(s) pursuant to which the proposed acquisition is to be undertaken; the outcome of any legal proceedings that may be instituted against VEON and/or OLX KZ, any of their respective subsidiaries or others following or in connection with the proposed acquisition; changes to the proposed structure of the proposed acquisition that may be required or appropriate as a result of applicable laws or regulations; the risk that the proposed acquisition disrupts current plans and operations of VEON and/or OLX KZ as a result of the announcement and closing of the proposed acquisition; the inability to recognize the anticipated benefits of the proposed acquisition due to competition in digital mobility services, lower than expected growth in the sector or the inability of OLX KZ to retain its management and key employees; costs related to the acquisition; and changes in applicable laws or regulations or required regulatory approvals. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. In addition, VEON’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission, discusses other important factors that could impact its business, financial condition, and results of operations. VEON does not undertake to publicly update any forward-looking statements, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.
Contact Information
VEON
Hande Asik
Group Director of Communications
pr@veon.com
OLX Group
Ana Garcia
Chief Communications & ESG Officer
media@olx.com
1 Based on OLX KZ management data
FAQ
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