MTS, a leading Russian telecom operator, announced earlier this month that it increased its stake in Ozon Holdings, one of the most established Russian e-commerce companies. The operator now own 16.7% of Ozon, up from 13.7% previously, following “a series of transactions with minority shareholders.”
MTS invested in Ozon in April 2014, acquiring a 10.8% share for $75 million. The operator then increased its stake to 13.7% “throughout a number of transactions with minority shareholders and an additional share issuance,” investing additional 1.15 billion rubles (around $20 million) in the company.
Earlier this spring MTS teamed up with Baring Vostok with the intention to inject 3.5 billion rubles and possibly up to 5.25 billion ($61 million and up to $92 million at the current exchange rate) in Ozon.
Source: MTS
