G City Ltd. to commence redemption proceedings for remaining Citycon Oyj minority shares
G City Ltd. has announced the commencement of redemption proceedings for the remaining minority shares in Citycon Oyj. This action follows G City's unconditional public cash tender offer for all shares in the company.
G City Ltd. has announced it will begin redemption proceedings for the remaining minority shares in Citycon Oyj. This step applies to shares not tendered during G City's unconditional voluntary public cash tender offer, which concluded on August 31, 2026.
On August 31, G City announced the final results of its subsequent offer period. The offer was for all issued and outstanding shares of Citycon Oyj. Despite the public offer, a portion of the shareholders did not sell their holdings to G City.
The initiation of redemption proceedings is a final measure by G City to acquire all remaining shares. Such procedures are common when a controlling shareholder seeks full ownership of a company.
Citycon Oyj is a company focused on retail property development and leasing in the Nordic region. G City Ltd. is a significant shareholder and the entity behind the tender offer.