Finance

ICAMAP in attempt to block Atrium takeover by majority owner

By 2019-10-09T07:46:00

Atrium

ICAMAP Investments has written to the board of Atrium Real Estate alerting it to its intention to vote against the €1.4bn (£1.26bn) takeover of Atrium by Israeli property group Gazit Globe.

In a letter from its managing director Harm Meijer, a 1.38% stake in Atrium, said the offer is “unfair and unacceptable to minority shareholders, as it significantly undervalues the company”.

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