The sale of YIT’s renewable energy business to Eolus completed
YIT Corporation Investor News 12 December 2023 at 3:15 p.m.The sale of YIT's renewable energy business, YIT Energy Oy, to Eolus Vind Ab has been completed. YIT announced the sale on 5 December 2023. The transaction consists of a fixed and a variable purchase price. The fixed purchase price is EUR 25 million, which will be paid in three instalments. The first instalment of EUR 10 million has been paid at closing and EUR 15 million will be paid in two instalments during 2024 and 2025. The variable purchase price is defined based on project sales and completed projects and it amounts to