Brief: Eastnine Says Enters Into Agreement To Sell Its Investment In MFG

Eastnine AB (publ)

07/08/2023 01:48

Aug 6 (Reuters) - Eastnine AB (publ)  EAST9.ST :
    * EASTNINE ENTERS INTO AGREEMENT TO SELL ITS INVESTMENT IN
MFG
    * PURCHASE PRICE FOR EASTNINE'S SHARES IS NEARLY RUB 15.6
BILLION
CORRESPONDING TO APPROXIMATELY EUR 149 MILLION BASED ON EXCHANGE
RATE OF 105 EUR/RUB
    * TRANSACTION WILL TAKE PLACE IN SEVERAL STEPS
    * STEPS HAVE BEEN APPROVED BY FEDERAL ANTIMONOPOLY SERVICE
AND
GOVERNMENTAL COMMISSION FOR CONTROL OVER FOREIGN INVESTMENTS IN
RUSSIAN FEDERATION
    * TRANSACTION IS PLANNED TO BE COMPLETED WITHIN NEXT TWO
WEEKS
    * EASTNINE'S INVESTMENT IN MFG WAS, AS OF JUNE 30, 2023,
BOOKED AT
APPROXIMATELY EUR 162 MILLION

Source text for Eikon:  ID:nWkr7GPJSL 
Further company coverage:  EAST9.ST 

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