On August 17, 2021, Letko, Brosseau & Associates Inc. announced that on August 2, 2021, the board of directors of Atrium European Real Estate Limited received a proposal from majority shareholder Gazit-Globe Ltd to acquire the remaining equity of the Company for a consideration of €3.35 per share. Letko, Brosseau stated that the proposed offer undervalues the Company and unjustifiably benefits Gazit at the expense of minority investors. The timing of the offer is opportunistic and comes as the Company is beginning to emerge from the global COVID-19 pandemic that has kept its shopping centres closed over extended periods of time in 2020 and 2021. Letko, Brosseau stated that to protect the value of investment, it intends to vote against the proposed going private transaction.