Citycon Acquired Minority Share of Shopping Centre Strömpilen in Umeå, Sweden
CITYCON OYJ Investor News 2 July 2012 at 15.15 hrs
Today, Citycon acquired 25 per cent of shopping centre Strömpilen and retail property called Länken located in Umeå, Sweden for SEK 121 million (approximately EUR 13.8 million) from Balticgruppen AB. Citycon acquired 75 per cent of the properties in June 2007 and the seller Balticgruppen AB remained as a minority owner with 25 per cent share. At the time of signing the initial purchase agreement the parties entered into a shareholders’ agreement, whereby the minority owner was granted the right to sell its share to Citycon within a certain period of time. The realized transaction relates to this agreement and the price has been determined in accordance with said agreement.
Helsinki, 2 July 2012
For further information, please contact:
Johan Elfstadius, Vice President, Swedish Operations
Tel.: +46 72 530 99 33
NASDAQ OMX Helsinki