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Helsinki-listed shopping centre specialist Citycon has raised total proceeds of ERU 63 mln from a share offer carried out last week. Some 22 million shares,
9.9% of all the shares and voting rights in Citycon prior to the operation, were issued at a subscription price of EUR 2.87 per share.

The Shares were offered to Finnish and international institutional investors in deviation from the shareholders pre-emptive rights. The offering was conducted by way of an accelerated bookbuilding process carried out by merchant bank Kempen & Co. The number of shares outstanding after the offering is 244.5 million.

Gazit-Globe, as part of its long term strategy in the region, purchased 10 million shares for a total of EUR 28.7 mln and maintained its interest in Citycon through this transaction.