Citycon has successfully closed the divestment of property portfolio to Cerberus Capital Management
In August, Citycon Finland Oy (“Citycon”) and Cerberus Capital Management, L.P. (“Cerberus”) announced a signed agreement whereby Citycon will divest assets in Finland. Today the agreement was closed and accordingly, Citycon divested its shopping centres Espoontori, Tikkuri, Myllypuron Ostari, Martinlaakson Ostari and Jyväskylän Forum to an affiliate of Cerberus.
For further information, please contact:
Chief Executive Officer, Citycon
Tel. +358 40 154 6760
Executive VP and CFO
Tel. +358 50 557 9137
Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic region, managing assets that total almost EUR 5 billion and with market capitalisation of close to EUR 2 billion. For more information about Citycon, please visit www.citycon.com