Lehto Group Plc: Lehto and Citycon have decided to terminate negotiations of the agreement for construction of Lippulaiva shopping center
Lehto Group PlcStock Exchange Release31 October 2018 at 5.30 p.m.Lehto Group Plc (”Lehto”) and Citycon Plc (”Citycon”) have decided to terminate negotiations concerning the agreement on construction of Lippulaiva shopping center in Espoo. Citycon has acted as developer and Lehto as contractor in the process. The parties have developed the project together with the designers for three years and tried to reach an agreement which would serve both Citycon’s and Lehto’s operational and financial targets but this agreement was not reached. Besides the design work Lehto has during the years