Regulator clears Sistema, MTS to acquire Ozon online shop

Wednesday 26 February 2014 | 23:55 CET | News
Russian federal competition regulator FAS has cleared the telecommunications holding company Sistema and the mobile operator MTS to acquire stakes in the online shop Ozon, reports Digit.ru. It is expected that Sistema and MTS will acquire a 10 percent stake each. Ozon will issue new shares for this purpose. The deal is due to be closed at the end of the first quarter of this year. Baring Vostok Private Equity fund, owning 43.3 percent of the shares in Ozon, is the largest shareholder.

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Categories: Mobile & Wireless
Companies: MTS / Sistema
Countries: Russian Federation
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