YIT has sold its stake in joint venture Tieyhtiö Vaalimaa
YIT Corporation Investor News 14 May 2024 at 8:00 a.m.YIT has sold its stake in joint venture Tieyhtiö Vaalimaa YIT has sold its stake in the joint venture Tieyhtiö Vaalimaa Oy to the company’s other owner Meridiam Infrastructure Finance II S.á.rl. YIT and Meridiam established a joint venture in 2015 to manage the E18 Hamina-Vaalimaa highway project, which was completed in 2018. In the project, YIT oversaw the construction of the road and continues its work as a project partner in road maintenance. Before the transaction, Meridiam owned 80% of Tieyhtiö Vaalimaa and YIT's ownership was 20%