Finnish property firm Citycon has completed its rights issue and raised around EUR 99 mln. The firm offered a total of 27,594,782 shares for subscription in accordance with shareholders' pre-emptive subscription rights, and approximately 99 per cent of the offered shares were subscribed for in the primary subscription. The secondary subscription was over-subscribed, Citycon said.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
