Balder New Majority Owner of Serena Properties

Nordic — Balder has agreed to acquire 56 percent of Serena Properties, a company currently owned by Ratos, Varma Mutual Pension Insurance Company och Redito.

2017-07-03

Serena Properties owns 21 retail properties in Finland with a market value of approximately EUR 200M.

The company is likely to be reported as an associated company to Balder.

The transaction is subject to approval from the EU competition authority and is expected to be completed in the third quarter of 2017.