Veon to Delist From Amsterdam Due to Volume and Costs, CEO Says
- Delisting process in Amsterdam is expected to begin in 4Q
- Company incurs additional costs with dual listing, CEO says
The Euronext NV stock exchange in Amsterdam.
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Telecommunications company Veon Ltd is delisting from the Amsterdam stock exchange due to low liquidity for the stock in Europe and regulatory costs, according to its chief executive.
The Nasdaq-listed firm announced its plan to delist from Euronext Amsterdam earlier this month. It hasn’t made a decision on whether it will shift its Amsterdam headquarters after the move, Kaan Terzioglu said in an interview.