Brief: G City Ltd Announces Unconditional Cash Offer For Citycon Oyj

Citycon Oyj

17/06/2026 08:09

June 17 (Reuters) - Citycon Oyj CTY1S.HE:
INSIDE INFORMATION: G CITY LTD. HAS ANNOUNCED AN UNCONDITIONAL VOLUNTARY PUBLIC CASH TENDER OFFER FOR ALL THE OUTSTANDING SHARES IN CITYCON OYJ
SHAREHOLDERS OFFERED EUR 2.9 PER SHARE IN CASH
OFFER PRICE REPRESENTS 7% PREMIUM TO JUNE 16, 2026 CLOSING PRICE
OFFER PRICE IS 4.3% BELOW ADJUSTED VOLUME-WEIGHTED AVERAGE PRICE FOR PRIOR THREE MONTHS
TENDER OFFER VALUES CITYCON EQUITY AT APPROX EUR 532.4 MILLION
G CITY, AFFILIATES HOLD 86.47% OF CITYCON SHARES
TENDER OFFER PERIOD EXPECTED JULY 6 TO AUGUST 3, 2026
G CITY TO COMMENCE COMPULSORY REDEMPTION IF OWNERSHIP EXCEEDS 90%
G CITY TO APPLY FOR DELISTING OF CITYCON SHARES FROM NASDAQ HELSINKI
Source text: ID:nWkr6vwFNQ
Further company coverage: CTY1S.HE

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