Citycon divests non-core properties in Finland to Cerberus Capital Management for EUR 167 million
CITYCON OYJ Investor News 24 August 2017 at 17.05 hrsCitycon 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