Update regarding sale of investment in MFG


east nine announced October 2022 A contract has been concluded with an investment company System PJSFC Selling East Nine’s Entire Holding in Russian Fashion Retailer melon fashion group (MFG). Eastnine’s assessment at the time was that the transaction could close in 2022, subject to all conditions being met. Federal Antitrust Administration (FAS of Russia) and the government control board foreign investment Russian Federation Approved the transaction. Subject to all remaining conditions being met, Eastnine’s current valuation indicates that the deal could close in his first quarter of 2023.

Eastnine AB (Public)

For more information, please contact:

Kestutis sasnauscusCEO, +46 8-505 97 700

britt marie nymanCFO and Deputy CEO, +46 70-224 29 35

Visit www.eastnine.com

Eastnine AB (Public) is a Swedish real estate company with an asset value of €604 million long-term net asset value of €486 million Current September 30, 2022Eastnine’s vision is to create and provide the best place for ideas to flow, people to meet and businesses to thrive. Eastnine’s mission is to become a leading long-term provider of modern, sustainable office and logistics facilities in key locations in the Baltics. PolandEastnine’s shares are listed on the Nasdaq Stockholm Mid Cap, Sector Real Estate.

https://news.cision.com/eastnine-ab–publ-/r/update-regarding-sale-of-investment-in-mfg,c3691080

https://mb.cision.com/Main/13001/3691080/1759703.pdf

(c) Sision 2022. all rights reserved. , sauce Press Release – English



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