SATO Oyj - Company Announcement

Change in SATO Corporation's shareholders

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 €312.3 million, operating profit €191.3
million and profit before taxes €152.2 million. SATO's investment properties
have a value of roughly €2.5 billion.