Russia's Sistema, MTS buy stakes in Ozon for $150 mln

MOSCOW, April 29 Tue Apr 29, 2014 10:17am EDT

MOSCOW, April 29 (Reuters) - Russian oil-to-telecoms conglomerate Sistema said on Tuesday it and its telecoms subsidiary MTS would each pay $75 million for 10.8 percent stakes in e-commerce company Ozon.

Sistema has signed binding agreements to participate in a private placement of Ozon and the transaction was completed upon signing, it said in a statement. (Reporting by Maria Kiselyova, Editing by Alexei Anishchuk)

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