Finnish Competition Authority discovers no irregularities in Lemminkäinen's stonework contracting
LEMMINKÄINEN CORPORATION PRESS RELEASE 20 DECEMBER 2012 AT 3.45 P.M.
FINNISH COMPETITION AUTHORITY DISCOVERS NO IRREGULARITIES IN LEMMINKÄINEN'S STONEWORK CONTRACTING
The Finnish Competition Authority (FCA) has completed investigations, which it initiated in the winter of 2010 - 2011, on the stonework contracts commissioned by the City of Helsinki. Part of the investigations focused on clarifying whether Lemminkäinen, while conducting its stonework business, had participated in activities against the Finnish Act on Competition Restrictions. The FCA now concludes that it has no grounds to pursue further investigations. Consequently, it considers the issue resolved.
The investigations focused on the contracts for natural stone work commissioned by the City of Helsinki between 1998 and 2011. In addition to Lemminkäinen, Kivilinja Yhtiöt Oy, Rakennustaito Hirvonen Oy and Suomen Maisemarakentaja Oy were subject to investigation.
Lemminkäinen announced on 10 May 2011 that it is under investigation by the FCA.
Johan Nybergh, Vice President, Legal Affairs
Tel. +358 2071 54811
NASDAQ OMX Helsinki
Lemminkäinen Group operates in all areas of the construction sector. The Group's operations are organised into four business segments: building construction, infrastructure construction, technical building services and international operations. Net sales in 2011 were about EUR 2.2 billion, of which international operations accounted for roughly a third. The Group employs 8,000 people on average. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com