Asseco sells 51% stake in Russian unit for $17.5 mln

WSE-listed IT group Asseco sold 51 percent of shares in its Russian subsidiary R-Style Softlab to three individuals for PLN 71 million. “Under the agreement, both put and call options have been included. Maximum period to execute the put option has been set for five years, while the call option period will start two years after the sales date and will go on for 5 years,” the market filing said. Asseco was R-Style only owner, after it acquired the remaining 30 percent shares for PLN 46.1 million last year.