Balder Acquires a Further 4.8 Percent in Sato

Finland — Swedish listed property company Balder has agreed to acquire a further 4.8 percent in Sato Oyj where Balder already owns 22.8 percent of the shares for approximately EUR 45 million. Balder is, after the acquisition, the largest owner of Sato with a holding of 27.6 percent.

2015-05-22

Sato is a Finnish real estate company focused on ownership and residential projects. Sato owns about 25,000 housing units at a value of EUR 2.6 billion.

About 80 percent of the residential portfolio is located in the Helsinki metropolitan area and the remaining part in developing communities.

Eddie Ekberg

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