YIT to update its result guidance for 2019 as a result of the sale of its paving business
YIT CORPORATION Stock exchange release Insider information July 4, 2019 at 8.31 a.m.YIT to update its result guidance for 2019 as a result of the sale of its paving business YIT has today announced that it has signed an agreement with Peab for the sale of YIT’s paving and mineral aggregates businesses in Finland, Sweden, Norway and Denmark for EUR 280 million. The transaction is conditional upon the approval of the competition authorities, and it is expected to be completed on January 1, 2020. YIT estimates to record a capital gain of approximately EUR 40 million