15 Oct 2019 10:00

Sistema sets goal of taking Ozon public, mulls offering on LSE

RIYADH. Oct 15 (Interfax) - Sistema PJSFC is aiming to take online retailer Ozon public and the IPO might be carried out on the London Stock Exchange, the Russian conglomerate's principal beneficiary, Vladimir Yevtushenkov told reporters.

"The exchange will be the traditional one. London and Russia, naturally," Yevtushenkov said.

The company now needs a number of factors in order to "develop muscles," and the timing of the offering will depend on this, he said.

"This could be next year, in the second half of the year, or it could be in a year," Yevtushenkov said.