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28 May 2012

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Gazit scotches Citycon merger reports with Kokkeel appointment

Finnish shopping centre group Citycon, controlled by Israel's Gazit-Globe, has appointed Marcel Kokkeel, MD of Netherlands-based Multi Corp, as its new Chief Executive Officer, effective 24 March. The move scotches reports that Gazit is intending to merge Citycon with Amsterdam-based Atrium European Real Estate, which it also controls.

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