G City's Ownership of Citycon Nears 90% After Voluntary Tender Offer for Outstanding Shares

11:37 PM EDT, 08/05/2026 (MT Newswires) -- Citycon (CTY1S.HE) said Wednesday that G City's ownership of the company reached 89.68% following the closing of a voluntary, unconditional public tender offer for all its outstanding shares. Holders of 5,203,206 shares, or a 2.8% stake in the listed real estate company, accepted the offer at closing on Monday, boosting G City's shareholding to 164,631,860 shares. Settlement of the offer is expected by Friday. G City is launching a subsequent offer on Wednesday for the remaining outstanding shares in Citycon. The offer will run until Aug. 27, with settlement scheduled for Sept. 1.