Balder has announced that it will acquire an additional 22.9 percent of the outstanding shares of SATO
16 December 2015
SATO Corporation (“SATO”) has on December 15th 2015 received information that Fastighets AB Balder (publ) (“Balder”) has agreed to acquire an additional 22.9 per cent of the outstanding shares of SATO from Varma Mutual Pension Insurance Company. After the acquisition, Balder will own 53.3 per cent of the outstanding shares and votes in SATO.
Fastighets AB Balder is a listed property company which shall meet the needs of different customer groups for premises and housing based on local support. Balder's real estate holdings are valued at SEK 39.9 billion at the end of September 2015.
The Balder share is listed on NASDAQ Stockholm, Large Cap.
Balder data according to the Interim report January - September 2015:
• 466 properties
• 2,750 premises
• 14,380 apartments
Over the past 10 years Balder has grown and become one of the largest listed property companies in Scandinavia with a property value of approximately SEK 40bn. The company has broadened its operations in Scandinavia by making its first property acquisition in Denmark in 2010 and in Finland 2014.
For more information please contact:
Chairman of the Board Esa Lager, tel. +358 40 5065 929
President and CEO Saku Sipola, tel. +358 201 34 4001 tai +358 40 5515 953