Competition authorities grant approval for the sale of Lemminkäinen's concrete business
LEMMINKÄINEN CORPORATION PRESS RELEASE 26 SEPTEMBER 2012 AT 9.40 A.M
COMPETITION AUTHORITIES GRANT APPROVAL FOR THE SALE OF LEMMINKÄINEN'S CONCRETE BUSINESS
Today, the Finnish competition authorities granted their approval for the sale of Lemminkäinen's concrete businesss to Rudus without conditions. Lemminkäinen signed a share purchase agreement for all outstanding shares in Lemminkäinen Rakennustuotteet Oy with Rudus on 3 July 2012.
The transaction will be concluded at the turn of September and October.
Lemminkäinen announced the sale on 3 July 2012.
Timo Kohtamäki, President & CEO
Tel. +358 2071 53263
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 2.3 billion, of which international operations accounted for roughly a third. The Group employs 8,400 people on average. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com