YIT releases capital in Russia by selling a part of Novo Orlovsky plot in St. Petersburg
YIT Corporation Investor News December 28, 2017 at 11.00 a.m.YIT has signed a sales contract with Oikumena Holding and registered the ownership transfer of a part of the plot in Novo Orlovsky, St. Petersburg, Russia. The area of the sold part is approximately 21 hectares in total which is approximately a half of the total plot area. The total value of the sales contract is approximately RUB 2.5 billion (approx. EUR 36 million). YIT has received almost half of sales price in 2017, which strengthens the cash flow of the last quarter of the year. The sales price corresponds to the balance