Acquiring Company
Veon
Acquired Company
OLX Group
Dubai
AmsterdamTelecommunicationsE CommerceMarketplaceDescription
VEON subsidiary Beeline Kazakhstan has completed the acquisition of 100% of OLX Group LLP (OLX KZ) from OLX Global B.V. for USD 81 million, including about USD 6 million in completion adjustments. OLX KZ reported annual revenue of just over USD 28 million in 2026 and adds a leading classifieds marketplace to VEON's digital portfolio. OLX Group will provide transitional IT services to ensure uninterrupted service for users.
Who to call at Veon, and when
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Frequently asked
Who acquired OLX Group?
OLX Group was acquired by Veon, based in Dubai. The deal was reported on November 6, 2026. Veon is a global digital operator providing telecommunications and digital services. The company seeks to enhance its presence in emerging markets, focusing on innovative digital infrastructure and services. Veon is publicly traded (VEON) and operates in Telecommunications.
When did Veon acquire OLX Group?
Veon's acquisition of OLX Group was reported on November 6, 2026. VEON subsidiary Beeline Kazakhstan has completed the acquisition of 100% of OLX Group LLP (OLX KZ) from OLX Global B.V. for USD 81 million, including about USD 6 million in completion adjustments. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does OLX Group do?
OLX Group is a global marketplace leader that builds platforms to facilitate trade. It is privately held, operating in E Commerce, and is based in Amsterdam.
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