Bonum Capital entered into an agreement to acquire an additional 8.7% minority stake in Group of Companies Segezha Public Joint Stock Company (MISX:SGZH) from Sistema Public Joint Stock Financial Corporation (MISX:AFKS) for $150 million on October 11, 2021. The precise number of Segezha shares to be transferred to Bonum Capital will be determined on the completion date. Post transaction, Bonum Capital will have 13% stake in Segezha Public Joint Stock Company. In a related transaction, Sistema Public Joint Stock Financial Corporation entered into a sale and purchase agreement to acquire LLC Inter Forest Rus from Bonum Capital for approximately $520 million (Segezha Group Transaction). Bonum will finance the deal with banking financing and money from the sale of Inter Forest Rus. Transaction is subject to satisfaction of a number of conditions precedent, including the closing of the Segezha Group Transaction. Transaction is expected to complete in early 2022.

Bonum Capital completed the acquisition of an additional 8.7% minority stake in Group of Companies Segezha Public Joint Stock Company (MISX:SGZH) from Sistema Public Joint Stock Financial Corporation (MISX:AFKS) on December 29, 2021.