SATO Oyj - Major shareholder announcements

Balder has announced that it will acquire an additional 22.9 percent of the outstanding shares of SATO

Helsinki, Finland, 2015-12-16 08:36 CET (GLOBE NEWSWIRE) -- SATO Corporation,
Company Announcement, 16th December 2015 at 9:36 am 

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. 

About Balder
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 it’s
first property acquisition in Denmark in 2010 and in Finland 2014. 


For more information please contact:

SATO Corporation
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

www.sato.fi


SATO is one of Finland's leading rental housing providers. SATO’s aim is to
offer comprehensive alternatives in rental housing and an excellent customer
experience. All told, SATO holds roughly 24,400 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 €2.7 billion.