SATO Oyj
Change in SATO Corporation’s shareholders
SATO Oyj 01.04.2015 15:24 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Helsinki, Finland, 2015-04-01 15:24 CEST (GLOBE NEWSWIRE) -- SATO Corporation, Stock Exchange Release, 1 April 2015 at 16.24 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 www.sato.fi Ilmarinen Esko Torsti, Head of Non-listed investments, phone +358 50 629 42 www.ilmarinen.fi SATO is one of Finland's leading corporate investors in housing. SATO's aim is to offer comprehensive alternatives in rental housing and an excellent customer experience. All told, SATO holds roughly 24,200 rental homes in Finland's largest growth centres and in St Petersburg. In our operations, we promote sustainable development and initiative-taking, and work in open interaction with our stakeholders to create added value. We operate profitably and with a long-term view. We increase the value of our housing property through investments, divestments and repair work. SATO Group's net sales in 2014 were EUR312.3 million, operating profit EUR191.3 million and profit before taxes EUR152.2 million. SATO's investment properties have a value of roughly EUR2.5 billion. News Source: NASDAQ OMX 01.04.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: SATO Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009011688 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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