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Blockchain – Russian investor rises at 5 EL | News

Tuesday, September 5th, 2017 | Economy

The board of directors approved the introduction of a new business unit "5EL Blockchain Lab" last weekend, the company said on Tuesday. The purpose is the commercial application of blockchain technology in the sports, entertainment and art industries as well as financial management. 5EL Blockchain Lab will operate from the company's offices in Lausanne and New York, according to the SIX-listed company.
Regardless of this development, 5EL also announces a new major shareholder. Sergey Skaterschikov, a digital media and technology company, acquired 300,000 or 9.64% of the company's outstanding shares. He had taken over the package from Highlight Finance Corp, whose share had fallen accordingly to 26.38%.
(AWP)

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