G City Ltd's cash tender offer for Citycon Oyj shares concludes, subsequent offer period begins

G City Ltd announced on August 5, 2026, that its unconditional voluntary public cash tender offer for all issued and outstanding shares in Citycon Oyj has concluded. G City has simultaneously initiated a subsequent offer period, during which it will continue to purchase Citycon shares.

The original offer commenced on July 3, 2026, and reportedly ended on August 5, 2026. G City, having previously expressed interest in acquiring Citycon, made a public offer for all Citycon shares with the aim of achieving full ownership.

Under the subsequent offer period, G City will continue to offer cash on the same terms in exchange for Citycon shares. Specific terms and timelines will be detailed later, but the company aims to complete its acquisition of the company.

Citycon Oyj is a real estate company focused on grocery-anchored retail properties in the Nordics and Baltics. Its portfolio primarily consists of shopping centers built around daily necessities and services.