Merger

Lemminkäinen and YIT plan to combine, creating one of the leading urban developers in Northern Europe.

The plan to combine the companies has on 12 September 2017 been approved in the Extraordinary General Meetings of both companies. The planned combination still requires approval by the Competition Authorities in our countries of operation. We are expecting decisions by the end of 2017.

Even though we are preparing the combination, we will during the autumn continue to operate as two independent listed companies as required by the competition law. We will participate in competitive biddings as separate entities, and we will keep in contact with our own customers, suppliers and partners independently. Additionally, all contracts and projects currently in force with our customers, partners and subcontractors will continue as planned.

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Updated 14 September 2017