PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire unknown minority stake in Public Joint-Stock Company Enel Russia (MISX:ENRU) from Enel SpA (BIT:ENEL) on June 16, 2022. Enel S.p.A. has signed two separate agreements with, respectively, PJSC Lukoil (“Lukoil”) and Closed Combined Mutual Investment Fund “Gazprombank-Frezia” (the “Fund”) for the sale of the entire stake held in Enel Russia, equal to 56.43% of the latter's share capital, for an overall consideration of about €137 million that will be paid at closing. The closing of the transaction, which is expected within the third quarter of this year, is subject to a series of conditions precedent, including the clearance by the Russian Government Commission on Monitoring Foreign Investment and the Russian Federal Antimonopoly Service.