Brief: Eastnine AB (Publ) Says Planned IPO Of Melon Fashion Group (MFG) Is Postponed

Eastnine AB (publ)

24/03/2022 17:08

March 24 (Reuters) - Eastnine AB (publ)  EAST9.ST :
    * LISTING OF MFG POSTPONED
    * SAYS PLANNED IPO OF COMPANY MELON FASHION GROUP (MFG), IN
WHICH
EASTNINE OWNS ABOUT A THIRD, IS POSTPONED
    * SAYS EASTNINE'S HOLDING IN RUSSIAN FASHION CHAIN MFG WAS
VALUED
AT APPROXIMATELY EUR 122 MILLION AT TURN OF YEAR
    * RUSSIA'S INVASION OF UKRAINE, SUBSEQUENT SANCTIONS FROM
WEST,
HAVE AFFECTED MFG NEGATIVELY
    * VALUE OF MFG IS CURRENTLY VERY DIFFICULT TO ASSESS
    * EASTNINE'S HOLDING IN RUSSIAN FASHION CHAIN MFG WAS VALUED
AT
APPROXIMATELY EUR 122 MILLION AT TURN OF YEAR
    * EASTNINE OWNS APPROXIMATELY 36 PERCENT OF MFG
    * RUSSIA-UKRAINE CRISIS HAS A NEGATIVE EFFECT ON VALUE OF
MFG

Source text for Eikon:  ID:nWkr5ZvGzd 
Further company coverage:  EAST9.ST 

 ((Reuters.Briefs@thomsonreuters.com;))