Latham & Watkins has advised VEON, a global digital operator that provides converged connectivity and digital services to nearly 160 million customers, on the signing of a letter of intent to enter into a business combination with Cohen Circle, with the aim of indirectly listing Kyivstar, VEON’s digital operator in Ukraine, on the Nasdaq Stock Market.

Completion of the transaction will make Kyivstar the first purely Ukrainian investment opportunity to be publicly listed on a U.S. stock exchange, enabling U.S. and other international investors to participate more directly in Kyivstar’s growth and the broader recovery of the Ukrainian economy.

The Latham team was led by London corporate partners David Stewart, Nick Cline, and Manoj Tulsiani, with associates Jennifer Cadet, Jason Hyatt, Alexander Fedorkov, and Caroline Koller.