Finland's Citycon plans to raise $550 mln from CPPIB, owners: Reuters
Finnish commercial property owner Citycon said on Tuesday it plans to raise about US$550 million of new capital from owners as it looks to step up shopping centre acquisitions, Reuters reported. About half of the issue is planned to be offered to CPP Investment Board European Holdings, a subsidiary of Canada Pension Plan Investment Board, while the other half is directed to existing investors. Funding proceeds will be used in part to make a debt repayment and enable the company to pursue acquisitions and projects in Nordic and Baltic regions.
13 May 2014•1 min read
