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Ozon to acquire Oney Bank to enhance financial service offerings

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Ozon, a NASDAQ-listed Russian e-commerce major, announced today an agreement with Sovcombank to acquire Oney Bank. This cash transaction is still subject to regulatory approval; its exact amount , which should “not exceed $10 million,” will be determined at closing, Through this deal, Ozon is acquiring the licenses required to develop its offering of financial services around its marketplace. …

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