Softline completed the placement of 76 million shares of the additional share issue at ₽142.3 a share. The issue was purchased by Softline Projects LLC, a subsidiary of Softline, to finance M&A deals to acquire high-tech companies as part of the company's development strategy, which envisages, among other things, active consolidation of the Russian IT market...

Softline has started collecting bids for the purchase of 76 million shares of the additional issue by public subscription. Securities are offered at ₽142.3 per share. Proceeds raised will be used to finance M&A deals to acquire high-tech companies as part of the company's development strategy, which includes active consolidation of the Russian IT market.

Softline acquires a controlling stake in Test IT, a developer of test management and quality management systems for software development. Deal will allow Softline to take 20% of the test management system market.

Softline sold 9.27% of its shares to a large institutional investor. Transaction was concluded at the average market price of the share for the period during the month preceding the signing of the deal. Thus, the transaction amounted to about ₽4.5 billion. According to RBC, the buyer was a structure of Gazprombank.