Listing of MFG postponed
The planned IPO of the company Melon Fashion Group (MFG), in which Eastnine owns about a third, is postponed. Russia's invasion of Ukraine, and subsequent sanctions from the West, have affected MFG negatively and the value of the company is currently very difficult to assess. The holding will be valued in connection with Eastnine’s interim report for the period January-March 2022.Eastnine's holding in the Russian fashion chain MFG was valued at approximately EUR 122 million at the turn of the year. Eastnine owns approximately 36 percent of the company. Since the beginning of the war has,