VEON Ltd is about to sell the Armenian branch

VEON is about to sell the Armenian branch to people, who have been involved in the corruption deals in Armenia.

 
NASDAQ and Euronext Amsterdam-listed multinational telecom operator VEON reportedly aims to sell its Beeline-branded Armenian division to recently founded Team Telecom Armenia, which hasn’t started any operations yet in the telecommunication industry of Armenia. The owner of Team Telecom Armenia is Hayk Yesayan, former CEO of Ucom (one of the Armenian telecommunication operators) and current shareholder of 6 % of total shares of the Ucom.


Anonymous insiders are claiming that Yesayan Hayk and his brother are facing criminal case No. 62208119, initiated by the National Security Service of Republic of Armenia, where they together with Gagik Khachatryan's family (Gagik Khachatryan is former Minister of Finance of the Republic of Armenia) are accused in being involved in some corruption scheme leading to embezzlement of state funds.

Yesayan brothers were officials (shareholders and top management positions in Ucom and IU Networks LLC) in the organizations which were involved in money laundering scheme resulting in approximately 3M USD damage of state budget. Yesayan’ and Gagik Khachatryan family’s Canadian and UAE partners' accounts have been also used in that scheme.

Hayk Yesayan as an owner of the Team Telecom Armenia is with exploratory talks on a potential sale reportedly during in last three months with VEON Amsterdam B.V.  and informed the Armenian mass media about finalizing the deal and its confirmation from VEON Amsterdam B.V.


Over the past two years, the new government of Armenia is fighting against the previous oligarchic regime and trying to return the funds stolen from the state. And this scheme is considered to be another corrupted deal where Team Armenia Telecom plays a crucial role.


Today, in Armenia, society is wondering: how it comes that a businessman like Hayk Yesayan, who worked for the oligarchs of the former regime and had been fed by that regime, can negotiate deals with internationally sound companies. This may obviously influence the reputation of such a company and moreover affects its indicator in the stock market.

Maybe VEON top management is not fully aware of the above-described situation or is not willing to know?

 

Investment News Blog

US Capital Global Securities Launches 2MM Euros Convertible Note Offering for Takeout Group

San Francisco-based private financial group engaged by Denmark-based market-disruptive online food delivery and takeout firm as lead placement agent for convertible note offering.


San Francisco, California, USA., April 21, 2020 - US Capital Global Securities LLC, an affiliate of US Capital Global, is offering to eligible investors a €2 million investment opportunity in Takeout Group. Founded in 2001, Takeout Group provides end-to-end ordering and dispatching white-label platforms and aggregation sites for thousands of participating restaurants across Europe. Takeout Group’s mission is to help grow individual restaurant brands by offering lower cost delivery services and providing client information back to those restaurants.
 

With offices in San Francisco and London, US Capital Global is a full-service private financial group with an established track record in providing corporate finance and asset management. All securities are offered by the group through its registered broker-dealer affiliate, US Capital Global Securities LLC.

Thomas Cort Hansen, CEO and co-founder of Takeout Group, said: “We are exceedingly pleased to be continuing our partnership with US Capital Global. After US Capital Global’s excellent demonstration of speed and professionalism in providing the first tranche of our funding, we feel especially confident moving forward. US Capital Global’s assistance with this multi-million Euro convertible note capitalization will support our continued 90% year-on-year growth in number of orders handled by our platform and our ongoing international expansion through the launch of significant partnerships in the UK, Ireland, and Spain.”

“It’s an honor to be serving Takeout Group as its lead placement agent on this €2 million convertible note offering,” said Charles Towle, CEO at US Capital Global Securities. “We are especially pleased to support a socially positive impact enterprise like Takeout Group, which has an ethos of building community and supporting small businesses by reducing costs. Having successfully closed the first tranche of this multi-million Euro convertible note for the company, which was funded by our affiliate, US Capital Global Business Credit Income Fund, the opportunity to participate in this $2 million investment in Takeout Group is now open to eligible investors.”

About Takeout Group
Founded in 2001 and based in Denmark, Takeout Group provides a range of innovative SaaS technologies for individual restaurants, multi-store chains, and franchises to market and sell their products online under their own brand name, as well as manage their logistics. Allowing restaurants to manage their own brands helps them grow. Takeout Group currently operates in eight international marketplaces, processing orders worth more than €15 million annually. The company has been recognized by Børsens Gazelle for its exceptional growth and is the winner of several mobile app awards. www.takeoutgroup.com

About US Capital Global
US Capital Global Securities LLC is the FINRA-registered broker-dealer division of US Capital Global that acts as placement agent for growth-stage companies, projects, and investment funds. Since 1998, the US Capital Global team has been committed to providing small and lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to larger middle market companies and institutional investors, using the latest FinTech and RegTech innovation. US Capital Global manages direct investment funds and provides wealth management and capital raise services.

To learn more about US Capital Global Securities or this investment opportunity, email Charles Towle, CEO, at This email address is being protected from spambots. You need JavaScript enabled to view it. or call +1 415-889-1010.


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