Citycon Finland Oy (“Citycon”) and Cerberus Capital Management, L.P. (“Cerberus”) announced today that they have signed an agreement whereby Citycon will divest its shopping centres Espoontori, Tikkuri, Myllypuron Ostari, Martinlaakson Ostari and Jyväskylän Forum to an affiliate of Cerberus, one of the world’s leading private investment firms, for a total value of approximately EUR 167 million. The sales price is close to the latest IFRS fair value of the assets and the price will be adjusted according to the contract terms in connection with closing of the transaction, which is expected to take place in November. Four of the shopping…
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Citycon Finland Oy (“Citycon”) and Cerberus Capital Management, L.P. (“Cerberus”) announced today that they have signed an agreement whereby Citycon will divest its shopping centres Espoontori, Tikkuri, Myllypuron Ostari, Martinlaakson Ostari and Jyväskylän Forum to an affiliate of Cerberus, one of the…