In the first quarter of 2020, the Russian online retailer Ozon attracted investments worth $ 150 million. Financing was provided by shareholders of AFK Sistema and Baring Vostok ($ 100 million) and the American investment company Princeville Capital ($ 50 million), Kommersant writes with reference for information from the Ozon press service.
Financing is provided in the form of a convertible loan, which can be converted into Ozon shares. The investment round is closed at the beginning of the year, funds will be directed to implement a strategy to expand the logistics and technological infrastructure. Ozon plans to open at least five new fulfillment centers in the regions and “at least threefold” to expand its logistics delivery network.
In 2019, Ozon raised $ 250 million. Now the company has two major shareholders - Baring Vostok and AFK Sistema - and several minority shareholders. Last week, it became known that AFK Sistema and Baring Vostok increased their stakes in Ozon. The total ownership interest of AFK Sistema reached 42,999%. Funds Baring Vostok also increased its stake in the company on a parity basis.
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