Beeline Kazakhstan completes $81 million purchase of OLX KZ
VEON said on November 6, 2026 that its subsidiary Beeline Kazakhstan had finalized the purchase of OLX KZ from OLX Global B.V. for $81 million, including approximately $6 million in completion adjustments. The Kazakhstan classifieds business reaches approximately 9 million monthly users and generated just over $28 million in revenue for the year ending March 2026. VEON said the acquisition adds the marketplace to its broader digital-services strategy, while OLX Group will provide temporary IT support during the transition.
Why it matters
The transaction gives VEON ownership of a large Kazakhstan marketplace and expands the services available through Beeline Kazakhstan. Transitional IT support is intended to preserve service for OLX KZ users while the business is integrated.
Key facts
- 1Beeline Kazakhstan paid $81 million for OLX Group LLP, including approximately $6 million in completion adjustments. investing.com
- 2OLX KZ has approximately 9 million monthly active users and reaches more than 52% of Kazakhstan’s active internet population. investing.com
- 3OLX KZ generated just over $28 million in revenue for the year ending March 2026. investing.com
- 4OLX Global B.V. transferred 100% of OLX KZ to Beeline Kazakhstan. investing.com
- 5OLX Group will supply transitional IT services under a handover arrangement. stocktitan.net
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.