Published on 6 Oct 2024 on GuruFocus.com · via Yahoo Finance
Helikon Investments Ltd Bolsters Position in VEON Ltd with Significant Share...
Overview of the Recent Transaction
On September 30, 2024, Helikon Investments Ltd (Trades, Portfolio) made a notable addition to its investment portfolio by acquiring 90,845,580 shares of VEON Ltd (NASDAQ:VEON), a prominent player in the telecommunication services industry. This transaction not only increased the firm's total holdings in VEON to 93,584,855 shares but also significantly impacted its portfolio, with a 72.01% trade impact at a trading price of $30.42 per share. This strategic move highlights Helikon Investments Ltd (Trades, Portfolio)'s confidence in VEON's market potential and aligns with its investment philosophy.
Profile of Helikon Investments Ltd (Trades, Portfolio)