Citycon places 25m shares to fund expansion

Helsinki-based Citycon has placed 25 million shares, approximately 15% of the company's share capital, with Finnish and international investors in an accelerated book-building offering. The process began on Monday and was due for completion by 6.30pm on Tuesday. The offer price was not disclosed. Citycon's board said in a statement that the funds raised will be used to finance further investments and to broaden the company's shareholder base.

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