Ozon is selling 20% of its shares
February 18, 2014
The largest Russian Internet holding Ozon.ru is selling 20% of its shares for 150 million dollars.
As reported by Russian daily “Vedomosti”, Sistema JSFC and its subsidiary MTS, the leading telecommunications group in Russia and the CIS, are about to purchase 20% of shares of the Ozon.ru holding. Present shareholders are not to be affected by this transaction. Ozon will issue additional 20% of shares to be purchased by MTS and Sistema in equal parts. The Internet holding will receive 150 thousand dollars for the total 20% of shares. According to the source connected to one of the companies involved, the transaction is to be completed by the end of the first quarter of 2014. Thus, the value of 100% of Ozon shares will amount to $750 million. The CEO of the Wikimart online hyper-market Maksim Faldin claims that Ozon’s financial assessment is “very good”.
Ozon, which is widely known as “Russia’s Amazon,” was founded in 1998 as an online bookstore. It is the largest e-commerce company in Russia with 25% of the Russian online marketplace (eBay with 8% comes the second).
Last year Ozon had revenue of nearly $500 million, selling everything from home appliances to airline tickets. The key shareholders are Baring Vostock, Index Ventures, ru-Net, Rakuten, Intel Capital, Holzbrink and Cisco.
By Janina Surowiec
Last year Ozon had revenue of nearly $500 million, selling everything from home appliances to airline tickets. The key shareholders are Baring Vostock, Index Ventures, ru-Net, Rakuten, Intel Capital, Holzbrink and Cisco.
By Janina Surowiec
