Hitt og þetta 27. apríl 2006

Citycon Oyj appeals against the City of Tampere

Nordic Business Report-April 27, 2006-Citycon Oyj appeals against the City of Tampere
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Finnish property investment company Citycon Oyj said on Thursday (27 April) that it is going to appeal the City of Tampere's decision regarding the tender offer for the construction of a new shopping centre.

Citycon had submitted a joint tender with Skanska Talonrakennus Oy for the construction, but the City of Tampere made the decision to opt for a consortium comprising Kapiteeli Oyj and Sponda Oyj to implement the project.

Citycon has now submitted a claim for correction to the City Board of Tampere, demanding reversal of the decision and requesting that Citycon Oyj and Skanska Talonrakennus Oy be selected to develop the project.

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