Kumppanuuskoulut Oy, owned by YIT and Meridiam, has signed a service agreement on implementing five schools and three daycare centres in Espoo, Finland
YIT Corporation Investor News June 9, 2020, at 3:00 p.m.Project company Kumppanuuskoulut Oy, formed by YIT and Meridiam Investments II, have signed a service agreement with the City of Espoo on the implementation of five schools and three daycare centres. The total value of the projects, implemented with the PPP model (Public Private Partnership), is approximately EUR 300 million for the whole service period, with YIT’s share being approximately EUR 235 million. The contract will be entered in YIT’s order backlog for the second quarter of the year.YIT owns 20% of Kumppanuuskoulut Oy, and