Citycon board backs G City cash tender offer at EUR 2.9 per share

Reuters2026/07/22 14:31

By:Reuters

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G City launched a voluntary all-cash bid for remaining Citycon shares it does not already own at EUR 2.9 per share.
The offer period runs from July 6 to Aug. 3, with completion expected in Q3 2026.
G City group ownership stood at 86.58% as of July 3, based on 183,569,011 shares outstanding.
Citycon’s board backed the bid as fair, citing a July 21 fairness opinion from HLP Corporate Finance.
G City plans compulsory redemption and delisting if ownership rises above 90% following the offer.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Citycon Oyj published the original content used to generate this news brief via Cision (Ref. ID: 20260722:BIT:0957:0) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Citycon board backs G City cash tender offer at EUR 2.9 per share

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