YIT sells its businesses in Russia
YIT Corporation Insider information 1 April 2022 at 9:00 a.m.YIT sells its businesses in Russia YIT has concluded the strategic review of its businesses in Russia. As a result of the review, YIT has signed an agreement with Etalon Group PLC for the sale of YIT’s operations in Russia. The strategic review of the Russian businesses was initiated in November 2021 and accelerated in March 2022 due to the changes in geopolitical situation. Markku Moilanen, President and CEO of YIT: “Due to the Ukrainian crisis, our businesses in Russia were facing unprecedented challenges and it was