Capital Shopping sells Equity One shares

published 6 March 2012

Shopping centres operator Capital Shopping Centres (CSC) said one of its subsidiaries has sold 4.0m shares of Equity One, a US real estate investment trust.

CSC stressed it is not selling the 11.4m shares of Equity One shares which underlie the group's interest in Equity One's CapCo joint venture.

The market value of the shares being sold by CSC was around $78m based on the last reported sale price of Equity One common stock as reported on the New York Stock Exchange of $19.33 per share on 5th of March 2012.