Eastnine enters into agreement on sale of investment in MFG
Eastnine AB (publ) (Eastnine) has entered into an agreement with the listed Russian investment company Sistema PJSFC (Sistema) to divest its entire holding in the Russian fashion retailer Melon Fashion Group (MFG). The purchase price for Eastnine’s shares is approximately EUR 193 million.As previously announced, Eastnine has intended to divest its entire holding (approximately 36 percent) in the Russian fashion retailer MFG. Eastnine has now entered into an agreement with Sistema regarding such divestiture. The transaction is subject to a number of conditions outside of Eastnine’s control,