Citycon’s board of directors urges you to take G City’s purchase offer

Property company Citycon the board recommends to the company’s shareholders and stock option holders of G City the acceptance of the mandatory public tender offer.

According to the board, the cash consideration of EUR 3.80 per share and the prices offered for the option rights are reasonable under the prevailing circumstances, the company’s press release says.

The purchase offer started on January 2 and will end on March 6, 2026. G City’s ownership in Citycon has already increased to more than 59 percent. The purchase offer was automatically created after G City exceeded the threshold of 50 percent voting power.

The original Offer Price of EUR 4.00 was adjusted to EUR 3.80 after Citycon’s capital return of EUR 0.20. According to the board, the offer contains a clear premium compared to the market price of the share before the offer obligation arises.

The purchase offer is financed with cash and binding debt financing, and is not conditional on the availability of financing.