Sistema Public Joint Stock Financial Corporation (MISX:AFKS) entered into binding agreement to acquire a 11.7% stake in Public Joint Stock Company Melon Fashion Group from East Capital Holding AB and group of individual investors for RUB 4 billion on October 19, 2022. Sistema will finance the Transaction with its own and borrowed funds. The transaction is subject to further regulatory approvals and satisfaction of certain conditions stipulated by the parties to the Transaction. The completion of the transaction is anticipated by the end of 2022.

Sistema Public Joint Stock Financial Corporation (MISX:AFKS) cancelled the acquisition of 11.7% stake in Public Joint Stock Company Melon Fashion Group from East Capital Holding AB and group of individual investors on March 5, 2023.