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Gazit-Globe increases stake in Atrium European Real Estate

Gazit-GlobeLtd. further increased its stake in its consolidated subsidiary,Atrium European Real Estate Ltd.

The company raised its stake through another unit'sacquisition of an aggregate of 96,420 shares in Atrium at €3.83 per share viaoff-market purchases on July 6.

The purchased shares lifted Gazit-Globe's stake in Atrium to212,986,115 shares, representing approximately 56.54% of outstanding shares andvoting rights.

On a fully diluted basis, the stake represented a 55.94%stake.

Gazit-Globe's expanded shareholding in Atrium took placeafter it decreasedits stake in BR MallsParticipações SA to less than 5% by selling part of its shares inthe Brazilian company.