Latham Advises on Kyivstar’s US$131 Million Secondary Offering of Common Shares

Latham & Watkins has advised the underwriters, including Morgan Stanley, Barclays, Cantor, and Rothschild, in Kyivstar Group Ltd.’s public offering of 12,500,000 common shares by VEON Amsterdam B.V., the principal shareholder of the company, and certain other selling shareholders at a public offering price of US$10.50 per share. The offering is expected to close on February 2, 2026, subject to customary closing conditions.

Kyivstar Group Ltd. is a Nasdaq-listed holding company that operates JSC Kyivstar, the Ukraine’s leading digital operator and the first Ukrainian company to list on a US stock exchange.

The Latham team was led by London partner Jenna Gascoyne and counsel Yoseph Choi, with associates Summer Xia, Alexander Fedorkov, and Alejandro Albinana. Advice was provided on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with associate Eni Kassim; on sanctions matters by Washington, D.C. partner Andrew Galdes; and on financial regulatory matters by New York partner Gail Neely.