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SSA - AFK Sistema PAO News Story

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Last Trade - 13/08/20

Sector
Telecoms
Size
Mid Cap
Market Cap £2.11bn
Enterprise Value £9.41bn
Revenue £6.63bn
Position in Universe 265th / 1816

Russia's Sistema-backed online retailer Ozon raises $50 mln from U.S. fund

Tue 31st March, 2020 11:45am
MOSCOW, March 31 (Reuters) - Russian online retailer Ozon,
part-owned by the Sistema  AFKS.MM  conglomerate, said on
Tuesday it had raised $50 million from U.S. investment fund
Princeville Capital through a convertible loan that
can be turned into equity.
    The fundraising was part of an earlier disclosed transaction
in which Ozon raised $100 million from existing shareholders
Sistema and Baring Vostok to help it expand its logistics and
technology infrastructure.  urn:newsml:reuters.com:*:nR4N2B506R
    Ozon said Emmanuel DeSousa, Managing Partner at Princeville
Capital, joined its board following the transaction.
    The company told Reuters earlier in March that it has talked
to investment banks about a possible stock market listing.
 urn:newsml:reuters.com:*:nL8N2B95CA
 
 ($1 = 78.1830 roubles)

 (Reporting by Maria Kiselyova, editing by Alexander Marrow)
 ((maria.kiselyova@thomsonreuters.com; +7 495 775 1242; Reuters
Messaging: maria.kiselyova.thomsonreuters.com@reuters.net))
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