Citycon launches €90m rights issue
Citycon has laid out its plans for a €90.65m non-underwritten rights offer that the Finnish property investment company plans to use for redevelopment projects and potential acquisitions.
Shareholders will be able to buy up to three shares at €1.85 each for every 17 they own. That represents a 22.45% discount to the theoretical ex-rights price. The shares fell 4% on the announcement.
It is offering 49m shares in total.
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