As the company previously announced on August 10, Eastnine completed the divestment of its entire holding in MFG to the Russian company LLC GEM Invest and received purchase price of approximately 15.6 billion rubles. The subsequent exchange of rubles into euros has taken place at an average exchange rate of approximately EUR/RUB 109. After exchange the amount is approximately EUR 144 million.
As of 30 June 2023, Eastnine's long-term net asset value amounted to EUR 19.5 per share (corresponding to SEK 230 per share), divided between properties EUR 10.9 (corresponding to SEK 128), MFG EUR 7.3 (corresponding to SEK 86) and liquidity EUR 1.3 (corresponding to SEK 16). After the sale of MFG and currency exchange, and based on real estate values and all else being equal as of 30 June 2023, the long-term net asset value would amount to approximately EUR 18.7 per share (corresponding to SEK 220 per share), divided between properties EUR 10.9 (corresponding to SEK 128) and liquidity EUR 7.8 (corresponding to SEK 92)