Amazon, SoftBank held talks over Russian online retailer Ozon, shareholder says
FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, April 22, 2020 . REUTERS/Pascal Rossignol/File Photo
Get Alerts AMZN Hot Sheet
Join SI Premium – FREE
MOSCOW (Reuters) - Global retail giant Amazon (NASDAQ: AMZN) and Japanese SoftBank <9984.T> have made approaches to Russian conglomerate Sistema
It's not immediately clear if talks are still under way or have ended. Sistema has said it was looking for partners to invest in Ozon, in which it holds a more than 40%.
"The interest to Ozon among foreign investors is very high," Evtushenkov told reporters after Sistema's annual general meeting.
"I can tell you that this is the only one company in Russia at which Amazon was looking from the participation point of view," he said, adding that SoftBank was also interested in Ozon.
Ozon chief executive Aleksandr Shulgin met with his Amazon counterpart, Jeff Bezos, "five or six months ago," said Evtushenkov.
A spokesman for Sistema declined to comment further.
Ozon is the subject of interest from Russia's largest lender Sberbank
(Reporting by Nadezhda Tsydenova; Writing by Vladimir Soldatkin; Editing by Mike Harrison)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Rosenblatt Starts Amazon.com (AMZN) at Buy
- Amazon commits $2 billion to expand Prime Video across Latin America through 2030
- Anthropic to update data retention policy for enterprise customers - Bloomberg
Create E-mail Alert Related Categories
ReutersRelated Entities
Jeff Bezos, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share