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DE
Citycon Oyj: Inside information: Citycon Oyj's Board of Directors approved the divestment of three shopping centers in Finland at appraisal value of approximately EUR 422.6 million
['Globenewswire', 'Europe']
FinanzNachrichten.de: News
The share purchase agreement is expected to be signed and the closing of the transaction is expected to take place during H2/2026.
Citycon would be willing to provide a vendor loan at arm's length market terms in the principal amount (post-closing) up to EUR 84.5 million to the Purchaser.
Citycon will retain asset and property management services for the divested centers and will receive management service and success fees as customary.
G City has a controlling interest in Citycon and is its parent company and a related party to the company.
Citycon is committed to sustainable property management in the Nordic region with assets that total approximately EUR 3.8 billion.