Frey SA (FR:FREY) has released an update.
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FREY SA has expanded its leadership in European open-air shopping destinations by acquiring ROS, the 4th largest outlet manager, and developing a new project in Malmö, Sweden. This strategic move grows FREY’s operated portfolio to 31 sites in 9 countries, valued over €3 billion, and delves into the promising outlet market. The acquisition and new development align with FREY’s vision of creating sustainable and attractive open-air shopping experiences, and is expected to be accretive to earnings per share from 2024.
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