Igor Borovikov agreed to acquire JSC Softline Trade from Softline Holding PLC (LSE:SFTL) for $1 on October 7, 2022. As per the terms, The sale will be effected for a consideration of $1 and a dilution of the aggregate shareholding of the Igor Borovikov and SGI Limited in Softline Holding PLC. Transaction is conditional upon Russian regulatory approval, and is expected to close by early to mid November.

Igor Borovikov completed the acquisition of JSC Softline Trade from Softline Holding PLC (LSE:SFTL) on October 20, 2022.