TECHNOPOLIS PLC STOCK EXCHANGE RELEASE December 19, 2013 at 3:00 p.m.
Technopolis Sells 19% stake in Oslo Campus to Ilmarinen
Technopolis has sold a 19% stake in its Fornebu campus in Oslo. Technopolis announced on 31.10.2013 that it was in negotiations with Ilmarinen concerning the sale of a minority holding in the campus.
In the aftermath of the deal Technopolis will retain a 51% interest in the campus’ operational company, while IT Fornebu Properties AS will have a 30% stake and Ilmarinen a 19% stake in the company.
Technopolis has sold the stake to Ilmarinen with the same valuation used when Technopolis acquired the campus. The deal has no impact on Technopolis’ option to acquire land adjacent to the campus nor material impact on any of the terms and conditions that were agreed in the original deal. Ilmarinen has the right, as part of the agreement, to sell its stake to Technopolis at the fair value from the 5th to the 7th anniversary of the deal.
Additional information on the campus: http://www.technopolis.fi/fornebu-en.
Technopolis Plc
Keith Silverang
CEO
Tel. +358 40 566 7785
Sami Juutinen
Director, International Operations
Tel. +358 40 484 7487
Technopolis Plc is a listed real estate company that specializes in leasing space and providing services. Its core business idea is to combine business support services with modern, flexible, multi-user business environments. There are approximately 26,000 people and almost 1,400 companies and organizations in Technopolis premises in Finland, Estonia , Norway, Lithuania and Russia. The company’s net sales for 2012 totaled EUR 107.3 million and its EBITDA was EUR 55.8 million. The Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki.
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www.technopolis.fi