Stibbe advises citizenM and its existing shareholders KRC and APG

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Stibbe advises citizenM hotels and its existing shareholders KRC and APG on an agreement whereby GIC, Singapore’s sovereign wealth fund, will acquire a 25% stake in citizenM valuing the company at €2 billion.

KRC, APG and GIC have committed to invest a further €750 million of equity for future expansion of citizenM.

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