European shopping centre manager Klépierre has sealed its takeover of Dutch real estate company Corio.
Klépierre announced today that it has successfully secured all shares of the company, and that its offer has become unconditional.
Following an announcement on 8 December, where it stated that the minimum acceptance level of its offer must be at least 80% of the issue shared capital of Corio, the company will now proceed with the transaction.
Laurent Morel, chairman of the Klépierre executive board, said: “We are very pleased that our offer on Corio has had such outstanding success, with shares tendered in the offer reaching 84% of total share capital, demonstrating the strong support of Corio shareholders for this transaction.”
