Unibail-Rodamco may buy Arkadia and Wilenska shopping galleries in Warsaw
2010-07-15
The Office of Competition and Consumer Protection (UOKiK) has approved the acquisition of the Arkadia and Wilenska shopping centres in Warsaw by Unibail-Rodamco on condition that the latter developer sells its shares in the Zlote Tarasy shopping gallery, also located in Warsaw.
The company has to sell its stake in Zlote Tarasy to an investor which does not belong to the Unibail-Rodamco capital group by 15 January 2011.
Unibail-Rodamco bought Zlote Tarasy in February 2010 from Simon Property Group and Ivanoe Cambridge, along with six other shopping centres, of which five are located in France. The transaction was worth €715m in total.
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