Eastnine divests remaining holding in East Capital Global Frontier Markets Fund
Eastnine AB (publ) has divested its remaining fund holdings in East Capital Global Frontier Markets Fund through ordinary fund redemption. Eastnine has, as part of its strategic focusing the past few years, gradually reduced its holding in the fund by redeeming fund units for a total of EUR 48.1m since 2014. The total consideration during 2018 amounts to approximately EUR 12.3m, of which EUR 8.6m refers to Q1 2018 and EUR 3.7m to Q2 2018, which is on average 1.3% above reported fair value as of 31 Dec 2017. The final sales proceeds may differ slightly from the above. Eastnine’s