Citycon

Citycon is a pan-Scandinavian owner, developer and manager of urban grocery-anchored shopping centres

Citycon raised €608.2m via a rights issue priced at a 14.7% discount to TERP
99.5% of rights were exercised, remaining shares were allocated via oversubscriptions
Proceeds will be used to finance part of the acquisition of Sektor Gruppen, Norway’s second largest shopping centre owner
Kempen & Co acted as Joint Global Coordinator and Joint Bookrunner in the rights issue