23.10.2014

Maakunnan Asunnot – Tender Offer for the Shares in SSK Suomen Säästäjien Kiinteistöt Oyj

Castrén & Snellman is representing Maakunnan Asunnot Oy, a Finnish real estate investment company, in a public tender offer for the shares in SSK Suomen Säästäjien Kiinteistöt Oyj, another real estate investment company. Maakunnan Asunnot will publish the offer document for the tender offer on or about 5 November 2014. The offer period will begin on or about 6 November 2014 and end on or about 27 November 2014.

Through the tender offer, Maakunnan Asunnot and the companies that own it aim at acquiring 51% of the issued and outstanding shares in SSK, in addition to their current holdings. In connection with the offer, Maakunnan Asunnot undertakes to purchase, at the end of 2017, the remaining SSK shares from the shareholders that are recorded in SSK’s shareholders’ register on the day the tender offer was announced, on the first banking day after the settlement date and at the beginning of December 2017.

Maakunnan Asunnot intends to develop and expand SSK’s business and to broaden SSK’s ownership base to increase the liquidity of the company’s share. The tender offer is not aimed at delisting SSK’s share from the Helsinki Stock Exchange.