Lehto Group Plc: Lehto sells its ownership in Insinööritoimisto Mäkeläinen Oy (engineering office)
Lehto Group PlcStock exchange release20 March 2024 at 8.00 a.m. (Finnish time)Lehto Group Plc (“Lehto”) has on 19 March 2023 signed an agreement to sell the entire share capital of Insinööritoimisto Mäkeläinen Oy (“Transaction”). The buyers are the management of Insinööritoimisto Mäkeläinen Oy, Elvak Oy and Lehto Invest Oy. Insinööritoimisto Mäkeläinen Oy (“Target”) is a 100% owned subsidiary of Lehto, which is focused on structural design and employs around 40 employees in Kajaani, Kempele and Vantaa. Lehto considers that this is a related party transaction, because Lehto’s board