G-group Joint-Stock Company has entered into an agreement to acquire Bonava from Bonava AB (publ) (OM:BONAV B) for €98 million on October 7, 2022. The closing of the transaction is dependent on authority approvals. The transaction is expected to be finalized within six months. The closing of the transaction is conditional on Federal Antimonopoly Service and the government commission of the RF. Bonava has now received information from G-group that makes Bonava make the judgment that it is unlikely that G-group will receive the required approvals from the relevant authorities.

G-group Joint-Stock Company cancelled the acquisition of Bonava from Bonava AB (publ) (OM:BONAV B) on January 24, 2023. G-group Joint-Stock Company failed to get the necessary regulatory approvals.