Eastnine’s divestment of holding in MFG completed
Eastnine AB’s (publ) (Eastnine) divestment of the holding in the Russian fashion retailer Melon Fashion Group (MFG) is completed. The purchase price of approximately RUB 15.6 billion, corresponding to EUR 146 million calculated at an exchange rate of EUR/RUB 107, is in Eastnine's account in a European bank. Eastnine immediately initiates exchange of the rouble holdings, which is expected to be completed within a couple of weeks.As previously announced, Eastnine on August 7 entered into an agreement to divest its entire holding (approximately 36 percent) in MFG to the Russian company LLC GEM