By Reuters Staff
2 Min Read
FILE PHOTO: A view shows the pick-up point of the Ozon online retailer in Moscow, Russia March 16, 2020. REUTERS/Evgenia Novozhenina/File Photo
MOSCOW (Reuters) - Russian online retailer Ozon has signed an agreement to expand its financial services operations with the acquisition of Oney Bank in a cash deal of around $10 million, the company said late on Monday.
Ozon runs one of Russia’s largest e-commerce platforms using couriers, pickup points and parcel lockers.
It said it was acquiring 100% of Oney’s charter capital from Sovcombank, Russia’s third biggest private bank and among the country’s top 10 by assets.