G City Ltd. Increases Holding in Citycon Oyj Above 2/3 Threshold
G City Ltd. has notified Citycon Oyj that its shareholding has surpassed two-thirds of the company's total shares and votes. The increase occurred on June 29.
Helsinki – July 3, 2026 – Citycon Oyj announced today that it has received a flagging notification from G City Ltd. indicating an increase in its ownership stake. G City Ltd.'s holding of shares in Citycon has, on a stand-alone basis, exceeded two-thirds of the company’s total voting rights and shares, effective June 29, 2026.
The notification was made in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act. Citycon has a single series of shares, with each share carrying one vote. The total number of shares and votes in the company is currently 183,569,011.
Ownership above the two-thirds mark can grant significant influence over a company’s strategic decisions and board composition. The specific reasons for G City Ltd.’s recent share purchases were not detailed in the announcement.
Citycon operates as a shopping center real estate company, managing and developing properties primarily in the Nordic and Baltic regions. Its portfolio is largely composed of shopping centers and community hubs.