VEON's Beeline Kazakhstan to Acquire OLX Kazakhstan

VEON Ltd., a global digital operator, announced that its Kazakh operating company, Beeline Kazakhstan, has agreed to acquire 100% of the Kazakh online classifieds business OLX Kazakhstan from OLX Group for a total consideration of USD 75 million. OLX Kazakhstan is one of the most widely used digital platforms in Kazakhstan, with approximately 10 million monthly active users and 3.6 million listings as of June 30, 2025. The acquisition is subject to regulatory approvals and customary closing conditions. VEON's CEO, Kaan Terzioglu, highlighted the potential for enhancing Beeline Kazakhstan's digital offerings through this acquisition. The transaction aligns with OLX Group's strategy to focus on core categories and key markets.