VEON (VEON) said Tuesday it has completed a business reorganization process that will pave the way for its pending business combination with Cohen Circle Acquisition Corp. I and the eventual Nasdaq listing of mobile operator Kyivstar.

As a result of the reorganization, the company is now focused solely on Kyivstar and related assets, while its other core businesses have been transferred to newly formed Dutch entities, it said.

Kyivstar is expected to be listed on Nasdaq under the ticker "KYIV".