By Andrei Skvarsky.
Oney Bank LLC, the Russian unit of global banking group Oney, is changing hands as Sovcombank, one of Russia’s largest private lenders, has signed a deal to sell it to Russian online retailer Ozon.
Ozon is buying 100 per cent of Oney, according to a statement from the retailer, which held an initial public offering (IPO) on the Nasdaq stock exchange in November 2020.
According to Reuters, Sovcombank is Russia’s third-biggest private bank. There are a total of 369 banks in the country.
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