TECHNOPOLIS PLC STOCK EXCHANGE RELEASE June 16, 2016 at 5:30 p.m.
Technopolis Buys 30% Stake in its Oslo Campus
Technopolis has acquired the 30% stake in its Fornebu campus in Oslo from one of its minority shareholders, Koksa Eiendom AS (former IT Fornebu Properties AS), for approximately NOK 238 million (approximately EUR 25.5 million. In the aftermath of the deal Technopolis will hold an 81% interest in the campus, while Ilmarinen will still have its 19% stake.
The company’ s future outlook remains unchanged. The deal only affects the distribution of earnings to non-controlling interests. The holding will increase Technopolis’ dividends from the campus’ operational company by approximately EUR 0.8 million in 2016.
Technopolis bought the campus jointly with IT Fornebu Properties AS in 2013. The related stock exchange releases have been published on October 11, 2013 and December 11, 2013.
Technopolis Plc
Keith Silverang
CEO
Tel. +358 40 566 7785
Technopolis provides the best addresses for success in five countries in the Nordic-Baltic region. The company develops, owns and operates a chain of 20 smart business parks that combine services with flexible and modern office space. The company’s core value is to continuously exceed customer expectations by providing outstanding solutions to 1,700 companies and their 47,000 employees in Finland, Norway, Estonia, Russia and Lithuania. The Technopolis Plc share (TPS1V) is listed on Nasdaq Helsinki.