Currency exchange of MFG settlement completed
Eastnine AB (publ) has carried out currency exchange of the purchase price received from the sale of the holding in the Russian fashion chain Melon Fashion Group (MFG). After exchange the amount is approximately EUR 144 million.As previously announced, on August 10, Eastnine completed the divestment of its entire holding in MFG to the Russian company LLC GEM Invest and received purchase price of approximately 15.6 billion rubles. The subsequent exchange of rubles into euros has taken place at an average exchange rate of approximately EUR/RUB 109. After exchange the amount is approximately