Citycon divests non-core properties to Cerberus Capital Management for €167 million

Citycon and Cerberus Capital Management 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 for a total value of approximately €167 million. The sales price is close to the latest IFRS fair value of…