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Russia’s Sistema-backed online retailer Ozon raises $50 million from U.S. fund
MOSCOW (Reuters) – Russian online retailer Ozon, part-owned by the Sistema <AFKS.MM> conglomerate, said on Tuesday it had raised $50 million from U.S. investment fund Princeville Capital through a convertible loan that can be turned into equity. The fundraising was part of an earlier disclosed transaction in which Ozon raised $100 million from existing shareholders Sistema and […]
Toshiba applies for return to TSE’s first section
TOKYO (Reuters) – Toshiba Corp <6502.T> said on Friday it filed an application to return to the Tokyo Stock Exchange’s first section. The Japanese company was relegated to the second section in 2017 after massive writedowns at its U.S. nuclear power business caused liabilities to exceed assets – a condition for automatic demotion. The company […]
Man bleeds to death after smashing in shop window in town centre
A man has tragically died after he reportedly bled out from injuries he sustained smashing a shop window, police report. It is understood that the man passed away on his way to the hospital after he was found with 'significant injuries' in Loughborough town centre. A section of pavement has remained taped off in the […]