Stordalen: Norway was in need of an international player

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Citycon’s acquisition of Sektor is the biggest transaction in Norway.

”We had a a large challenge in Sektor – to attract new tenants to Norway. With Citycon we can, ” said Chairman Petter Stordalen today.

Petter Stordalen said at Tuesday’s press conference in Oslo that it was not a planned deal, and that the highest possible price was not the most important criteria of the deal.

”Norway was in need of an international actor. It is fantastic they will invest this much and believe in Norway. They will stay here since shopping centres can’t be moved.” said Petter Stordalen, awarding the owner of Citycon, as a ”self made man”

He pointed out the similarities and mutual benefits between the companies.

”We will get a very competent owner and a secured future for Sektor’s operations and our tenants”