VVO Group plc: VVO Group sells 1,344 apartments

VVO GROUP PLC STOCK EXCHANGE RELEASE 21 December, 2016 at 16.00 EET

VVO Group sells 1,344 apartments

VVO Group has today signed an SPA, whereby its various group companies will sell in total 1,344 non-restricted apartments located across Finland to a company managed by Avant Capital Partners.

The SPA contains terms and conditions typical for such a transaction and the deal is estimated to be closed by February 2017.

The transaction will not have a material impact on VVO Group's financial result.

The parties have agreed that the transaction price will not be disclosed.

More information: VVO Group plc Jani Nieminen, CEO, tel. +358 20 508 3201 Erik Hjelt, CFO, tel. +358 20 508 3225

VVO Group plc

VVO Group plc offers rental apartments and housing services in Finnish growth centres.  The vision of the housing investment company is to be a pioneer in housing and the customer's number-one choice. VVO Group aims to invest heavily in increasing its housing supply by 2021 by developing new properties and buying existing properties. www.vvokonserni.fi