Castren & Snellman is representing SATO Corporation in a transaction whereby SATO acquired the entire share capital of SVK Yhtymä Oy under an agreement signed on 1 April 2016. The transaction will result in the transfer of 1,255 rental homes mainly completed in the 2000s to SATO. In connection with the transaction, the parties agreed that the sellers will subscribe for shares in SATO in a directed share issue. The value of the acquisition is confidential.
SATO Corporation is a leading Finnish housing investment company. SATO holds a total of 23,600 rental homes in Finland’s largest urban growth centres and in St Petersburg. SATO Group’s net sales in 2015 totalled EUR 323.4 million, with an operating profit of EUR 196.5 million and a profit before taxes of EUR 159.4 million. SATO’s investment assets have a fair value of approximately EUR 2.8 billion.
