Valartis International Ltd. acquired an unknown minority stake in Eastern Property Holdings Ltd. (SWX:EPH) from ENR Russia Invest SA (SWX:RUS) managed by Valartis International Ltd. and other investors for $28.1 million on December 19, 2012. Under the terms, ENR Russia Invest SA will receive $16.45 million in cash on closing prior to year-end 2012 and will receive further amount in several tranches over the coming years of up to $11.69 million, subject to Eastern Property Holdings Ltd successfully completing and disposing of current real estate development projects. The transaction will have a positive impact on the net asset value of Growth Value Opportunities SA.

Valartis International Ltd. completed the acquisition of an unknown minority stake in Eastern Property Holdings Ltd. (SWX:EPH) from ENR Russia Invest SA (SWX:RUS) managed by Valartis International Ltd. and other investors on December 19, 2012.