YIT to sell its Nordic paving and mineral aggregates businesses to Peab for EUR 280 million
YIT CORPORATION Stock exchange release Insider information July 4, 2019 at 8:30 a.m.YIT to sell its Nordic paving and mineral aggregates businesses to Peab for EUR 280 million YIT and Peab have signed an agreement for the sale of YIT’s paving and mineral aggregates businesses in Finland, Sweden, Norway and Denmark. The debt-free purchase price is EUR 280 million, in addition to which net debt related to IFRS 16 lease liabilities will be reduced by approximately EUR 25 million. YIT will record a positive cash flow effect of approximately EUR 240 million and a capital gain