GuruFocus Earnings
Lingotto Investment Management LLP Expands VEON Ltd (VEON) Stake -- Shares Look 9% Overvalued on GF Value
Lingotto Investment Management LLP significantly increased its stake in VEON Ltd (VEON) by purchasing over 125 million shares, making VEON its dominant holding. This transaction reflects strong conviction in VEON, an emerging markets digital operator, despite its current valuation appearing about 9% overvalued according to GuruFocus GF Value. The firm's move highlights a strategic bet on telecommunications growth …