Gazit-Globe Takes Over Atrium

Gazit-Globe

Israel’s largest real estate investment firm, Gazit-Globe, has become the controlling shareholder in Atrium European Real Estate Limited. It now has a 55% stake in the company after acquiring an additional 52, 069, 622 of its ordinary shares representing approximately 13.87% of ATR’s issued share capital and voting rights. The shares were bought for EUR 4.40 ($5.20) per
share.

Roni Soffer, President of Gazit-Globe, stated, “Gazit-Globe’s acquisition of the remaining Atrium shares held by CPI at an attractive price relative to NAV per share is the realization of a rare opportunity to become the sole controlling shareholder of Atrium. This acquisition is in line with our global strategy to be the controlling shareholder of real estate companies with
great management teams, strong balance sheets, and investment grade credit ratings that specialize in supermarket-anchored shopping centers operating in urban growth markets with high investment grade credit ratings.”

Soffer added, “I want to thank CPI’s management for their long-standing, successful partnership in improving Atrium, which, due to the leadership of its excellent management team, has become the leading player in Central Europe. We look forward to continue to accompany Atrium along its current successful course.”

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