trending Market Intelligence /marketintelligence/en/news-insights/trending/t2ji7-i-eyccevo-vhsubw2 content esgSubNav
In This List

Gazit-Globe raises stake in Citycon

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Gazit-Globe raises stake in Citycon

In a latest earnings release, Gazit-Globe Ltd. said it acquired approximately 8.3 million Citycon Oyj shares for roughly €16 million in February, raising its stake to approximately 45.5% of the Finnish developer's outstanding shares.

The increase represents around 0.9% of Citycon's outstanding share capital.

The Israeli real estate company also noted it will distribute a quarterly cash dividend of 38 Israeli agorot per share on April 24 to shareholders on record as of April 12.

As of March 28, US$1 was equivalent to 3.50 Israeli shekels.