Helsinki, Finland, 2014-11-03 08:11 CET (GLOBE NEWSWIRE) -- SATO Corporation, Stock Exchange Release, 3 November 2014 at 9:11 am.
Suomi Mutual Life Assurance Company, a shareholder of SATO Corporation, has announced on 31st October 2014 that they have sold 3,519,410 of their SATO Corporation shares. By this trade the share of ownership Suomi has of SATO changes from 14.8 % to 7.9 %.
SATO Corporation has a single series of shares, and one share is entitled to one vote. SATO Corporation has a total of 51,001,842 shares.
Additional information:
SATO Corporation
Chairman of the Board Juha Laaksonen, p. +358 (0) 50 452 4519
CEO Erkka Valkila, p. +358 (0) 201 34 4001 and +358 (0) 50 62 050
SATO is one of Finland's leading corporate investors in housing. SATO’s aim is to offer comprehensive alternatives in rental housing and an excellent customer experience. SATO owns a total of approximately 24,000 rental apartments in the largest Finnish urban 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 2013 were €311.5 million, operating profit €178.3 million and profit before taxes €140.8 million. SATO's investment properties are valued at €2.5 billion.