Veon delists GTH from the Cairo Stock Exchange to cut its tax bill (after a $588m buy-back offer)
With its controlling stake of more than 98% of ordinary shares, Veon secured shareholder approval on 26 August for the withdrawal of GHT from the Cairo Stock Exchange.
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▪ Veon delists GTH from the Cairo Stock Exchange to cut its tax bill (after a $588m buy-back offer)
▪ With its controlling stake of more than 98% of ordinary shares, Veon secured shareholder approval on 26 August for the withdrawal of GHT from the Cairo Stock Exchange.
▪ https://www.africabusinessplus.com/en/799086/veon-delists-gth-from-the-cairo-stock-exchange-to-cut-its-tax-bill-after-a-588m-buy-back-offer/
After acquiring almost all the shares in its Egyptian subsidiary Global Telecom Holding (GTH), management at Veon Ltd, the telecoms holding company based in Amsterdam, is now free to consolidate its shareholdings in Africa and Asia and to stop paying taxes in Egypt.
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