International retail big Amazon and Japan’s SoftBank have made approaches to Russian conglomerate Sistema a couple of potential acquisition of its on-line retailer Ozon, Sistema’s majority proprietor Vladimir Evtushenkov stated on Saturday. It isn’t instantly clear if talks are nonetheless beneath approach or have ended. Sistema has stated it was searching for companions to spend money on Ozon, during which it holds a greater than 40 p.c.
“The curiosity to Ozon amongst international buyers could be very excessive,” Evtushenkov informed reporters after Sistema’s annual basic assembly.
“I can inform you that that is the one one firm in Russia at which Amazon was wanting from the participation perspective,” he stated, including that SoftBank was additionally fascinated by Ozon.
Ozon chief government Aleksandr Shulgin met along with his Amazon counterpart, Jeff Bezos, “5 or 6 months in the past,” stated Evtushenkov.
A spokesman for Sistema declined to remark additional.
Ozon is the topic of curiosity from Russia’s largest lender Sberbank, with 4 sources telling Reuters this month that the financial institution has been in talks to purchase a big stake.
© Thomson Reuters 2020
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