Topshop boss buys into Ozsale

Australian online shopping website sells 25% stake ahead of possible $500m UK listing.

The owners of Australian online shopping website Ozsale have sold a 25 per cent stake in the business to British billionaire Sir Philip Green.

The deal is likely to reap its private equity backers, Insight Venture Partners, a big windfall after paying $14.5 million for a 27 per cent interest when it was a start-up in 2010.

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