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SSA - AFK Sistema PAO News Story

$5.38 0.2  3.1%

Last Trade - 10:02am

Sector
Telecoms
Size
Mid Cap
Market Cap £1.85bn
Enterprise Value £9.00bn
Revenue £6.49bn
Position in Universe 274th / 1816

Russia's Sistema looking for investors in online retailer Ozon - CFO

Wed 10th June, 2020 3:35pm
MOSCOW, June 10 (Reuters) - Russian conglomerate AFK Sistema
 AFKS.MM  is looking for partners to invest in online retailer
Ozon, in which it holds a  more than 40% stake, its chief
financial officer said on Wednesday. 
    Ozon needs additional capital to support its growth, he
said.  
    The retailer is the subject of interest from Russia's
largest lender Sberbank  SBER.MM , with four sources telling
Reuters last week the bank is in talks to buy a large stake.
 urn:newsml:reuters.com:*:nL8N2DH476

 (Reporting by Nadezhda Tsydenova; Writing by Alexander Marrow;
Editing by Jan Harvey)
 ((alexander.marrow@thomsonreuters.com; +7 495 775 1242;))
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