The bid means EUR 5.19 a share and has been recommended by the Sponda board together with its largest shareholders representing 46.9 percent of the shares.
”Our bid is another step in our strategy to invest in high quality properties in the Nordics. This is an exciting opportunity to invest in the commercial real estate market in Finland, and we are happy with the support from the board and the largest shareholders,” says James Seppala, European Investment Manager, Blackstone.
”We believe in the Finnish market and have worked together with Blackstone for 15 years in the Nordics, and are sure that we can contribute to the growth in the future,” says Therese Rattik, CEO, Areim.
JLL advised Blackstone and Areim on the public tender offer.
Blackstone and Areim Makes Billion Euro Bid
Finland — Blackstone Group and Areim has made a EUR 1.76bn bid for the Finnish company Sponda.<br />
Maria Olsson Äärlahtmaria@nordicpropertynews.com