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BRIEF-Veon Announces Approval Of Asset Transfer Offer By GTH Shareholders And Final Payment Of GTH Tax Settlement

Published 2019-09-09, 12:17 p/m
Updated 2019-09-09, 12:20 p/m
BRIEF-Veon Announces Approval Of Asset Transfer Offer By GTH Shareholders And Final Payment Of GTH Tax Settlement

Sept 9 (Reuters) - VEON LTD VON.AS :

* VEON ANNOUNCES APPROVAL OF ASSET TRANSFER OFFER BY GTH SHAREHOLDERS AND FINAL PAYMENT OF GTH TAX SETTLEMENT

* VEON'S OFFER TO ACQUIRE SUBSTANTIALLY ALL OF OPERATING ASSETS OF GLOBAL TELECOM HOLDING S.A.E. ("GTH") HAS BEEN APPROVED BY GTH'S SHAREHOLDERS

* VEON ALSO CONFIRMS THAT SECOND SETTLEMENT PAYMENT OF USD 82.3 MILLION RELATING TO OUTSTANDING TAX LIABILITIES OF GTH AND ITS EGYPTIAN SUBSIDIARIES HAS NOW BEEN PAID BY GTH TO EGYPTIAN TAX AUTHORITY

* SAYS GTH HAS RESOLVED ALL OUTSTANDING TAX LIABILITIES IN EGYPT FOR TAX YEARS 2000 THROUGH 2018

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