Eastnine AB
LeaveRussia detail: Exit Completed
Eastnine invests in modern and sustainable office and logistics properties in first-class locations in the Baltics and Poland.
Business in Russia
The contract for the sale of Eastnine's share in Sistema PATFC MFG has been terminated. Eastnine will continue to look for an exit from its investment and is in dialogue with potential buyers. But later Eastnine Signs Nearly RUB17 Billion Deal to Exit Russian Fashion Retailer Melon.
Decision trail
Decision date 07/08/2023 · Reference ↗
Eastnine to Sell its Stake in Russian Fashion Retailer Melon Fashion Group to Sistema for EUR193 Mln. AFK Sistema refused to buy Melon Fashion Group. Eastnine Signs Nearly RUB17 Billion Deal to Exit Russian Fashion Retailer Melon. Eastnine to sell a 36% stake in Zarina and Love Republic to a Russian company. Swedish Eastnine AB has signed an agreement on the sale of about 36% of the fashion retailer Melon Fashion Group (MFG; manages clothing stores Sela, Zarina, Love Republic) to Russia's GEM Invest LLC. According to a press release on the Eastnine website, the purchase price of the stake is approximately RUB 15.6 billion. The transaction is expected to be completed within two weeks. Swedish Eastnine sold a stake in Russian MFG for 15.6 billion rubles.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — exited · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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