The board of directors of Finland's Sponda has resolved to apply for the termination of trading in its shares and the delisting of its shares from the official list of Nasdaq Helsinki, as Blackstone's €3.8 bn takeover reaches completion.
The termination of trading and delisting of the shares is expected to take place as soon as Polar Bidco, the vehicle used by Blackstone to buy Sponda, has gained title to all of the company's shares.
Blackstone moved to acquire the remaining outstanding shares in the Nordic shopping centre and office landlord this July as it finalised its €3.8 bn takeover, launched in June.
The deal included €2 bn of Sponda's debt, plus €1.8 bn in equity.
The acquisition is one of the largest real estate transactions and one of the largest corporate transactions ever in Finland.
