Agreement regarding sale of the holding in MFG is terminated
The agreement regarding sale of Eastnine’s holding in MFG to Sistema PJSFC is terminated. Eastnine will continue to seek an exit from its investment and is in dialogue with potential buyers.Eastnine announced in October 2022 that an agreement had been signed with the investment company Sistema PJSFC to divest Eastnine’s entire holding in the Russian fashion retailer Melon Fashion Group (MFG). Eastnine announced in December 2022 that subject to all remaining conditions being fulfilled, the assessment was that the transaction could be completed during the first quarter of 2023. The remaining