Amazon, SoftBank in talks for stake in Russian online retailer Ozon

Photo: Pixabay

Global retail giant Amazon and Japanese SoftBank have made approaches to Russian conglomerate Sistema about a possible acquisition of its online retailer Ozon, Sistema’s majority owner Vladimir Evtushenkov said on Saturday.

It’s not immediately clear if talks are still underway or have ended. Sistema has said it was looking for partners to invest in Ozon, in which it holds 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, with four sources telling Reuters this month that the bank has been in talks to buy a large stake.

Reuters

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.