Company: KYIV
Filing Date: 2025-06-06
Form Type: 425
Source: 0001213900-25-051743
Chunk: 0

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-06
Form: 425
Chunk 0
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Filed by Kyivstar Group
Ltd.

pursuant to Rule 425 under
the Securities Act of 1933

and deemed filed pursuant
to Rule 14a-12

under the Securities Exchange
Act of 1934

Subject Companies:

Kyivstar Group Ltd.

Cohen Circle Acquisition
Corp. I (Commission File No.: 001-42369)

Date: June 5, 2025

<div align='center'>UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

For the month of June 2025

Commission File Number 1-34694

VEON Ltd.

(Translation of registrant’s name into English)

Index Tower (East Tower), Unit 1703, Dubai (DIFC), United Arab Emirates

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐</div>

Information contained in this report

On June 5, 2025, VEON Ltd., a global digital
operator (“VEON” or the “Company”), issued a press release announcing the initial public filing with the Securities
and Exchange Commission of a registration statement on Form F-4 of its subsidiary, Kyivstar Group Ltd. (“PubCo”), in connection
with its plans to list PubCO on the Nasdaq Stock Market.

A copy of the Company’s press release
is attached hereto as Exhibit 99.1 and incorporated herein by reference. A copy of PubCo’s related press release is attached hereto
as Exhibit 99.2 and incorporated herein by reference. An updated investor presentation that will be used by PubCo and Cohen Circle Acquisition
Corp. I is attached hereto as Exhibit 99.3 and incorporated herein by reference.

As previously announced, on March 18, 2025,
Cohen Circle Acquisition Corp. I. (the “Cohen Circle”) entered into a business combination agreement (the “Business
Combination Agreement”) by and among (1) the Cohen Circle, (2) VEON Amsterdam B.V. (the “Seller”), (3) VEON Holdings
B.V. (“VEON Holdings”),