Aug 1 (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

in New York to simplify its financial reporting, it said on

Thursday.

Veon currently has a dual listing, on Euronext Amsterdam and

the New York Stock Exchange.

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.