Citycon to acquire a portfolio of three shopping centres in Norway
CITYCON OYJ Inside Information 5 February 2020 at 19:30 hrsCitycon has today agreed to acquire the remaining interest in Sektor Portefølje II AS, a portfolio of three shopping centres in Norway. The transaction consists of three assets, Stovner Senter, Torvbyen and Markedet. Citycon has managed the shopping centres since 2015 and also owned 20% of the portfolio. The transaction cost amounts approximately to EUR 145 million, of which Citycon assumes existing debt of approximately EUR 135 million and pays a cash purchase price for shares of approximately EUR 10 million. After the