G City Prepares for Compulsory Redemption of Citycon Shares

06:23 AM EDT, 09/02/2026 (MT Newswires) -- G City will initiate arbitration proceedings as soon as possible to redeem the remaining Citycon (CTY1S.HE) shares it does not own, in line with the Finnish Companies Act. The real estate company intends to acquire the remaining shares at 2.90 euros apiece, minus the amount of any dividend or other fund and asset distributions to Citycon's shareholders, according to a Wednesday release. G City, along with its subsidiary Gazit Europe Netherlands, currently owns 91.05% of the Finnish property group, following the completion of its voluntary public cash tender offer.