Veon plans to de-list from Amsterdam but remain in New York

By Gianluca Lo Nostro and Olivier Sorgho

(Reuters) - Dutch telecoms firm Veon, the owner of Ukraine's biggest mobile operator Kyivstar, plans to de-list its shares from Euronext Amsterdam and be solely listed on Nasdaq to simplify its financial reporting, it said on Thursday.

Veon currently has a dual listing, on Euronext Amsterdam and Nasdaq.

The company would also buy-back some of its American depositary shares for $100 million after the de-listing process, expected to take place in the fourth quarter.

"As we continue to execute our digital operator strategy, we believe that Nasdaq, where we have been listed since 2013, is the most appropriate and 'best fit' venue for a global tech-focused business like ours," a spokesperson told Reuters.

An "overwhelmingly large" portion of trading in Veon's shares already takes place on Nasdaq, he said, adding the Amsterdam de-listing would help cut costs.

The announcement only concerns shares, and does not impact its headquarters in Amsterdam, he added.

(This story has been corrected to say that Veon's listing is on Nasdaq, not the New York Stock Exchange, in paragraph 2)

(Reporting by Olivier Sorgho and Gianluca Lo Nostro; Editing by Jason Neely and Mark Potter)