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2007-10-15 10:35:25 CEST 2007-10-15 10:35:25 CEST SÄÄNNELTY TIETO Citycon Oyj - Company AnnouncementMarket Court s Decision on Citycon s Appeal regarding Ratina Tender ProcedureCITYCON OYJ Stock Exchange Release 15 October 2007 at 11.35 hrs The Finnish Market Court has on 12 October 2007 issued a decision to dismiss without considering the merits the petition filed by Citycon Oyj and Skanska Talonrakennus Oy on 27 April 2006 in the tender procedure regarding the construction of a shopping centre and related areas in Ratina region in the City of Tampere, Finland. According to the Market Court, the main purpose of the contractual arrangement regarding the implementation of the project described above has been to sell the properties identified by the City to the selected party so that this would construct and hold a title to a shopping centre in said area. According to the decision of the Market Court, this project is not procurement as defined in the Public Procurement Act, since the Public Procurement Act is not applicable to the main part of the entire contractual relationship and the Market Court is thus not competent, under the Public Procurement Act, to take up the petition. The City Board of Tampere has already earlier dismissed the claim for reversal filed by Citycon Oyj and Skanska Talonrakennus Oy on 27 April 2006. Citycon has previously reported of the subject matter by a stock exchange release issued on 27 April 2006. Helsinki, 15 October 2007 CITYCON OYJ Petri Olkinuora CEO For further information, please contact: Petri Olkinuora, CEO, mobile +358 400 333 256 Kaisa Vuorio, Vice President, Finnish Operations, mobile +358 500 667 227 Outi Raekivi, Head of Legal Affairs, mobile +358 50 303 9393 Distribution: OMX Nordic Exchange Helsinki Major media www.citycon.fi |
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