Public Joint-Stock Company Seligdar (MISX:SELG) agreed to acquire additional 69.39% stake in Public Joint Stock Company Rusolovo (MISX:ROLO) from Ladya-Finans, OOO for RUB 4.2 billion on June 8, 2017. As part of the transaction, Seligdar will acquire around 2.08 billion shares in Rusolovo at a price of RUB 2 per share. As a result of the transaction, Seligdar will increase its shareholding in Rusolovo from 24.99% to 94.39% stake. The deal is subject to approval of the Board of Directors of Seligdar. The transaction received approval from the Federal Antimonopoly Service of the Russian Federation. On August 11, 2017, the Board of Directors of Seligdar approved the deal. As of September 8, 2017, Ladya-Finans, OOO concluded the sale of 1.91 billion shares of Rusolovo at RUB 2 per share for RUB 3.8 billion, thereby increasing stake to 88.78% in Rusolovo.

Public Joint-Stock Company Seligdar (MISX:SELG) completed the acquisition of additional 69.39% stake in Public Joint Stock Company Rusolovo (MISX:ROLO) from Ladya-Finans, OOO on September 9, 2017.