Gazit-Globe has acquired the remaining stake in Atrium European Real Estate for €565 million.
The purchase price values the company at €1.4 billion and the deal will see the company delisted from the Vienna Stock Exchange and the Euronext Amsterdam.
The deal also sees Gazit sell a 12% stake in the company to Menora Mivtachim Holdings for €150 million.
Atrium is based in Jersey and owns 33 real estate assets including shopping centres and retail real estate in Central Europe. It specialises in locally dominant food, fashion and entertainment shopping centres.
The firm has assets in Poland (64%), the Czech Republic, Slovak Republic and Russia.
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