Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with a few weeks of delay.
Citycon divests shopping center Heiane Storsenter in Norway
May 17, 2018

Citycon has signed an agreement to sell its shopping center in Stord, Norway, for approximately EUR 24m to Midgard Gruppen AS. "This divestment follows Citycon's strategy of focusing on urban grocery shopping malls in the Nordic countries. We use the proceeds from divestments for development and expansion projects as well as for strengthening the balance sheet" says Tom Lisiecki, Citycon's Property Development Director.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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