02. Juli 2012 
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Citycon’s shopping centre acquisition in Denmark finalised
On 7 June 2012, Citycon announced the signing of an agreement to acquire shopping centre Albertslund Centrum in the municipality of Albertslund, west of Copenhagen, Denmark, for 181 million Danish Kroner (approximately 24 million Euros). Closing of the transaction took place on 1 July 2012.
The transaction has been described in greater detail in the company's stock exchange release issued on 7 June 2012. Additionally, the company will acquire the grocery store extension included in the transaction at the time of its completion in the end of 2014. Citycon now owns and manages a total of 37 shopping centres and 40 other retail properties in Finland, Sweden, Denmark, Estonia and Lithuania.
Besides the company announced the today, the acquisiton of a 25 per cent of shopping centre Strömpilen and retail property called Länken located in Umeå, Sweden for SEK 121 million (approximately €13.8 million) from Balticgruppen AB. Citycon acquired 75 per cent of the properties in June 2007 and the seller Balticgruppen AB remained as a minority owner with 25 per cent share. At the time of signing the initial purchase agreement the parties entered into a shareholders’ agreement, whereby the minority owner was granted the right to sell its share to Citycon within a certain period of time. The realized transaction relates to this agreement and the price has been determined in accordance with said agreement.
The transaction has been described in greater detail in the company's stock exchange release issued on 7 June 2012. Additionally, the company will acquire the grocery store extension included in the transaction at the time of its completion in the end of 2014. Citycon now owns and manages a total of 37 shopping centres and 40 other retail properties in Finland, Sweden, Denmark, Estonia and Lithuania.
Besides the company announced the today, the acquisiton of a 25 per cent of shopping centre Strömpilen and retail property called Länken located in Umeå, Sweden for SEK 121 million (approximately €13.8 million) from Balticgruppen AB. Citycon acquired 75 per cent of the properties in June 2007 and the seller Balticgruppen AB remained as a minority owner with 25 per cent share. At the time of signing the initial purchase agreement the parties entered into a shareholders’ agreement, whereby the minority owner was granted the right to sell its share to Citycon within a certain period of time. The realized transaction relates to this agreement and the price has been determined in accordance with said agreement.
