Baker McKenzie advises VEON and Verny Capital on the sale of Beeline Kyrgyzstan | Newsroom

Leading global law firm, Baker McKenzie, has advised Menacrest AG, a joint venture between global digital operator, VEON Ltd (Nasdaq: VEON) and Kazakhstan-based private-equity fund, Verny Capital, on the sale of Sky Mobile LLC, operating under the Beeline brand in Kyrgyzstan, to Open Joint Stock Company, Eldik Bank.

The Baker McKenzie team was led by Partners Andrei Yorsh (Almaty) and Robert Gray (London). The wider Baker McKenzie team included partner Alexander Fischer (Zurich), counsel Alexander Korchagin (Almaty), associate Nikki Bradford (London), and associate Cathrine Marxer (Zurich).

Commenting on the transaction, London Corporate M&A Partner, Robert Gray, said:

“Our multi-disciplinary team delivered seamless advisory services across English, Kyrgyz, and Swiss law, exemplifying our commitment to cross-border collaboration, and leveraging the Firm’s global network to achieve optimal outcomes for our clients in emerging markets.”

Almaty IP Tech Partner, Andrei Yorsh, commented:

“This deal highlights the value of our firm’s deep regional knowledge and international reach, particularly in Central Asia. Baker McKenzie continues to strengthen its presence in high-growth regions, advising on a wide range of corporate matters including M&A, regulatory compliance, and cross-border investments.”