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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 £2.13bn
Enterprise Value £9.36bn
Revenue £6.57bn
Position in Universe 264th / 1818

Russia's Sistema raises direct stake in Ozon to 31.3%

Thu 26th March, 2020 5:00pm
MOSCOW, March 26 (Reuters) - Russian business conglomerate
Sistema said on Thursday it had increased its direct stake in
online sales platform Ozon to 31.3% from 21.9% as the result of
converting loans it provided in 2019.
    Sistema together with Baring Vostok fund provided Ozon with
financing in the form of convertible loans worth 6 billion
roubles ($77.48 million) in the first quarter of 2020, the
conglomerate said.

($1 = 77.4426 roubles)

 (Reporting by Nadezhda Tsydenova; Writing by Andrey Ostroukh.
Editing by Jane Merriman)
 ((andrey.ostroukh@thomsonreuters.com; +7 495 775 1242;))
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