MTS bought the stake in OZON

Telecommunications operator MTS has announced the acquisition of the issued shares of the additional issue in OZON Holdings (OZON), a leading company in the Russian market of electronic commerce. Given SPO MTS acquires 10.8% stake in OZON for $ 75 million. In parallel with this transaction, holding AFK "System" (the main shareholder of MTS) also acquires 10.8% of the shares subject to the additional issue OZON for $ 75 million.

OZON owns five companies on the Russian market of electronic commerce: Russia's largest online retailer OZON.ru with more than 750 million unique visitors per day; one of the largest Russian online shoe stores, clothing accessories and Sapato.ru; Russia's leading online travel agency OZON.travel, delivery service online orders About Courier with more than 2,200 points of issuing orders in Russia and Kazakhstan; OZON Solutions - a company that provides services to companies who want to start their projects in e-commerce.

It is reported that the JSC "MTS" has received all necessary corporate authorization and approval from the Federal Antimonopoly Service (FAS). Following the transaction, the Board of Directors will comprise OZON representative of OJSC "MTS" and AFK "System".