Balder acquires a further 4.8 percent in Sato
Fastighets AB Balder has agreed to acquire a further 4.8 percent in Sato Oyj where Balder already owns 22.8 percent of the shares for approximately EUR 45 million. Balder is, after the acquisition, the largest owner of Sato with a holding of 27.6 percent.
Sato is a Finnish real estate company focused on ownership and residential projects. Sato owns about 25,000 housing units at a value of EUR 2.6 billion. About 80 percent of the residential portfolio is located in the Helsinki metropolitan area and the remaining part in developing communities.
For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
Head of Finance Marcus Hansson, tel. +46 768 369 848
Balder discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 21 May 2015 at 14.00 CEST.
Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 38,1 billion as of 31 March 2015. The Balder share is listed on Nasdaq Stockholm, Large Cap.
Fastighets AB Balder (publ)
PO Box 53121, 400 15 Gothenburg
Tel: +46 31 10 95 70
Corporate Identity No. 556525-6905, Registered office Gothenburg