Lemminkäinen concluded the divestment of its concrete business
LEMMINKÄINEN CORPORATION ONLINE RELEASE 28 SEPTEMBER 2012 AT NOON
LEMMINKÄINEN CONCLUDED THE DIVESTMENT OF ITS CONCRETE BUSINESS
Lemminkäinen has today concluded the sale of its concrete business to Rudus. The agreement between Lemminkäinen and Rudus was signed on 3 July 2012 and approved by the Finnish competition authorities on 25 September 2012. The transaction price is EUR 55 million, from which Lemminkäinen will yield approximately EUR 20 million in capital gain in the third quarter of 2012.
The ownership of Lemminkäinen’s concrete business was transferred to Rudus by the signing of the agreement.
Timo Kohtamäki, President & CEO
Tel. +358 2071 53263
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