Citycon launches €90m rights issue

06 Sep 2012

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.

Rights trading will take place from September 17 ...

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