STOCK EXCHANGE: Katzman offers to buy Citycon, price increase +34%

The Helsinki Stock Exchange opened higher on Monday. The general index OMX Helsinki was up 0.7 percent at 11942.06 points after twenty minutes of trading.

Asian stock markets opened up in the morning. The meeting between the leaders of the United States and China had calmed investors. On the other hand, the weakened industrial statistics announced in China have limited the rise. In the United States, the main stock indices ended up with a 0.1-0.6 percent increase on Friday, and Index Futures predict a meager upward opening.

G City crossed 50 percent mark of Citycon, takeover offer

International Chaim Katzmanin owned real estate investment company G City makes a public purchase offer for all real estate investment companies Citycon of shares.

G City has acquired a total of 14,188,052 Citycon shares with its share transaction on November 3, 2025. The price paid for the acquired shares was 4.00 euros per share, while the company’s stock closed at around 3 euros on Friday. As a result of the share purchase, G City’s ownership in Citycon, together with the ownership of its subsidiary Gazit Europe Netherlands, has exceeded 50 percent of the number of votes produced by Citycon’s shares, and G City has an obligation under the stock law to make a mandatory public purchase offer for all of Citycon’s shares and securities entitling to shares.

Citycon’s share price was up 34.1 percent at 3.95 euros.

Construction company YIT has been chosen to implement Vantaa Energy thermal storage Varanto mining contract in Vantaa. The value of the project to YIT is approximately EUR 100 million. The project will be recorded in the order book for the last quarter of 2025. Excavation work will start in December 2025, and the contract will take an estimated three years.

In the morning, the share price was up 6.0 percent at 3.108 euros.

Aspo’s share got a boost from the results announcement

Of the results publishers, the industrial maintenance company Viafin Service reported a slight decrease in turnover and operating profit.

“Compared to the strong comparison period, the cost savings of our industrial customers continued and had an impact on the profitability of some of our maintenance business downtime”, CEO Heikki Pesu said in a review.

Viafin’s share price was down 1.8 percent in the morning at 19.45 euros.

Multi-sector group At least the adjusted ebita result in July–September rose to 9.6 million euros from 8.7 million euros in the comparison period. According to the consensus forecast, analysts expected a decrease to 8.1 million euros.

Aspo’s share price was up 1.6 percent at 6.36 euros.

Aspo’s board has decided to continue the implementation of the company’s strategy by evaluating strategic options for the company’s business operations, ESL Shipping and Telko. The main options of the strategic evaluation are the possible partial division of Aspo or the sale of ESL Shipping. Either option is planned to be implemented by the end of 2026.

My Savings Bank the profit figures weakened slightly more than Inderes’ forecasts. According to CEO Karri Alamere, customers are cautious. The demand for housing loans is sluggish and the SME sector’s willingness to invest is at a low level

In the morning, Oma Säästöpankki’s share price was down 2.2 percent at 10.72 euros.

The media company is still expected to announce results during the day The teeth.

Aspocomp focuses according to its updated strategy on strengthening the company’s current market position and growth, especially in the security, defense and aviation and semiconductor segments due to increased demand. The company wants to achieve a turnover of more than 100 million in the long term. Another goal is to achieve an operating profit percentage of more than 10 percent in the medium term.

Aspocomp’s share price was up 0.4 percent at 5.02 euros.

Addition: YIT’s news added to the overview 10.45

The news has been corrected at 15:39. Citycon published corrected information, the correct number of shares acquired by G City is 14,182,052 shares, not 14,188,052.

By Editor

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