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.Rights trading will take place from September 17 ...