On 18 September 2024, Valartis AG (Valartis), a subsidiary of Valartis Group AG whose shares are listed on SIX Swiss Exchange, and ENR Russia Invest SA announced that they have entered into a definitive agreement under which Valartis agreed to submit an all-cash public tender offer for all publicly held bearer shares of ENR Russia Invest SA for CHF 5.60 per share. The pre-announcement was published on 18 September 2024. The offer prospectus is expected to be published in October 2024.