Citycon Acquired Minority Share of Shopping Centre Strömpilen in Umeå, Sweden

Press releases - 2 July 2012


 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

 

 CITYCON OYJ

 

 For further information, please contact:

 Johan Elfstadius, Vice President, Swedish Operations

 Tel.: +46 72 530 99 33

 johan.elfstadius@citycon.com



  

 Distribution:

 NASDAQ OMX Helsinki

 Key media

 www.citycon.com

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