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Sponda Oyj Plans to Exit Russian Market and Real Estate Funds Business; to Sell Logistics Property Portfolio and Property Ownership in Turku


Tuesday, 3 Sep 2013 02:05am EDT 

Sponda Oyj announced that the Company is planning to exit both the Russian market and the Real Estate Funds business in the next 3–5 years. In addition, the Company intends to sell its entire logistics property portfolio as well as property ownership in Turku. In order to make the operations clearer, the name of the Office and Retail Properties segment will be changed to Office Properties segment. The main goals of the strategy are simplification of the business structure, more focused property ownership and profitable growth. 

Company Quote

3.646
0.088 +2.47%
9:00am EDT