Technopolis to Acquire Ilmarinen’s Minority Share in Technopolis AS in Oslo, Norway

TECHNOPOLIS PLC           INVESTOR NEWS             December 22, 2017 at 11:00 a.m. EET


Technopolis to Acquire Ilmarinen’s Minority Share in Technopolis AS in Oslo, Norway

Technopolis has today signed an agreement to acquire Ilmarinen Mutual Pension Insurance Company’s indirect 19 per cent shareholding in Technopolis AS. Technopolis AS is the owner of the Technopolis campus in Fornebu area in Oslo, Norway. After the acquisition, Technopolis Plc’s ownership in Technopolis AS is 100 per cent.

The net purchase price of approximately NOK 121 million (approximately EUR 12.3 million) equals to the fair value of acquired shares in the assets. The closing of the transaction will take place on December 31, 2017.


Technopolis Plc

Further information:
Sami Laine
CFO
Tel. +358 40 502 7083


Technopolis provides the best addresses for success in six countries in the Nordic-Baltic region. The company develops, owns and operates a chain of 17 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 1,600 companies and their 50,000 employees in Finland, Sweden, Norway, Estonia, Russia and Lithuania. The Technopolis Plc share (TPS1V) is listed on Nasdaq Helsinki.