The transaction value is up to EUR 975 million, including a price adjustment of up to EUR 50 million.
The transaction includes Mall Group and WE|DO assets in the Czech Republic, Slovakia, Hungary, Slovenia, Croatia, and Poland.
PPF and EC Investments each own 40% in Mall Group and WE|DO, while Rockaway Capital holds the remaining 20% in the two platforms.
The transaction is subject to customary antitrust and regulatory approvals. The closing, including financial compensation, is expected by the end of the first half of 2022.