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Suomen Hoivatilat to expand to Sweden with new subsidiary

Finland-based real estate company Suomen Hoivatilat Oyj will create a new Swedish subsidiary and name executive team member Maria Frid its managing director, effective Sept. 3.

The new unit is being established with the intention to expand the company's business operations to other Nordic countries, according to a release.

Frid will cease to be a member of Suomen's executive team and report to CEO Jussi Karjula after taking over the responsibilities of managing director.