Technopolis Closes the EUR 104.5 Million Divestiture in Jyväskylä, Finland
TECHNOPOLIS PLC INVESTOR NEWS November 30, 2017 at 2:00 a.m. EET
Technopolis Closes the EUR 104.5 Million Divestiture in Jyväskylä, Finland
On November 21, 2017, Technopolis Plc announced it has signed an agreement to divest its operations in Jyväskylä, Finland for EUR 104.5 million. The agreement was conditional on the City of Jyväskylä waiving its redemption right related to the property portfolio.
Following the decision of the City of Jyväskylä on waiving its redemption right, the closing of the transaction took place today.
After this agreement and the earlier divestiture of the Viveca campus in Jyväskylä in September 2017, Technopolis has neither assets nor operations remaining in the Jyväskylä region.
Technopolis Plc
Additional information:
Keith Silverang
CEO
Tel. +358 40 566 7785
Technopolis provides the best addresses for success in six 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 50,000 employees in Finland, Sweden, Norway, Estonia, Russia and Lithuania. The Technopolis Plc share (TPS1V) is listed on Nasdaq Helsinki.
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