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  • AFK Sistema and MTF buy into Ozone Group
Russia Information & Communications Technology (ICT) Leisure & Hospitality

AFK Sistema and MTF buy into Ozone Group

30/04/2014

Ozone Group: Industrial conglomerate AFK Sistema and its mobile operator and retailing subsidiary MTF have bought a 21.6% stake in the on-line retailing Ozone Group for $75m. The move gives AFK a significant present in Russia’s e-commerce sector which, according to a recent study, was worth $16bn last year. ABN

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Topics: e-business & e-commerce, M&A

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