Corporate fine claim to Caverion Suomi Oy related to sport sponsoring in Finland rejected

Caverion Corporation Investor news 28 October 2019 at 1.00 p.m. EET

Corporate fine claim to Caverion Suomi Oy related to sport sponsoring in Finland rejected

In its decision issued today, 28 October 2019, the District Court of Helsinki has rejected the claim for a corporate fine against Caverion Suomi Oy in connection with sponsorship of equestrian sports in Finland. Furthermore, all charges against Jarno Hacklin, the CEO of YIT Kiinteistötekniikka Oy in 2011-2012, were rejected.

YIT Kiinteistötekniikka Oy, currently Caverion Suomi Oy, sponsored equestrian sports during the years in question, 2007 to 2012, with a total amount of approximately 65,000 euros. The same object was sponsored by many other companies apart from Caverion. This sponsoring by different companies was suspected to have been bribes.

"Caverion’s ethical business principles are outlined clearly. Our ethical business principles require each employee in Caverion to act in accordance with them, and we do not accept any form of corruption or unethical business," says Ari Lehtoranta, Caverion Corporation's President and CEO.   

Contacts:
Anne Viitala, Group General Counsel, tel. +358 40 511 6151, anne.viitala@caverion.com

Caverion provides smart technical solutions and services for buildings, industrial processes and infrastructure. Our unique service offering covers the entire life cycle: design, build and maintenance. Our vision is to be the first choice in digitalising environments for customers, employees, partners and investors. Our revenue in 2018 was approximately EUR 2.2 billion. Caverion has about 15,000 employees in 10 countries in Northern, Central and Eastern Europe. Caverion’s shares are listed on Nasdaq Helsinki. www.caverion.com Twitter: @CaverionGroup