Eastnine enters into agreement to sell its investment in MFG
Eastnine AB (publ) (Eastnine) has entered into an agreement to sell its entire investment in the Russian fashion retailer Melon Fashion Group (MFG). The purchase price for Eastnine’s shares is approximately RUB 15.6 billion corresponding to approximately EUR 149 million based on an exchange rate of 105 EUR/RUB. The transaction is expected to be completed within two weeks. The completion of the transaction is subject to significant uncertainties and risks.As previously announced, Eastnine has intended to divest its entire investment (approximately 36 percent) in the Russian fashion retailer