Change in SATO Corporation's shareholders
1 April 2015
Swedish property investment company Fastighets AB Balder has acquired a 21% stake in SATO Corporation. Ilmarinen Mutual Pension Insurance Company announced that it had sold its 16.1% holding in SATO to Balder, which is now SATO's third-largest shareholder.
”Ilmarinen has been a shareholder in SATO for about a decade. Over this time, SATO has experienced intense growth with particular focus on expanding its portfolio of rental homes,” says Esko Torsti of Ilmarinen.
SATO has one series of shares, and each share carries one vote. The number of SATO Corporation shares totals 51,001,842.
For more information contact:
SATO Corporation
Erkka Valkila, President and CEO, phone +358 201 34 4001 or +358 50 62 050
Esa Lager, Chairman of the Board, phone +358 40 5065 929
Ilmarinen
Esko Torsti, Head of Non-listed investments, phone +358 50 629 42