Fennia has withdrawn from Hippos2020-project - Lehto committed to continue preparation of the project
Lehto Group Plc
29 March 2019 at 5.45 p.m. (EET)
Fennia Asset Management Ltd (”Fennia”) has informed 29 March 2019 that Fennia will not continue in Hippos2020-project.
Lehto is still committed to continue the preparation of Hippos2020-project and will evaluate the changed status with the city of Jyväskylä during the next weeks. According to the current information which is available, Lehto cannot evaluate the impact of Fennia’s withdrawal for schedule of the project neither the timing of costs and incomes.
Chief Financial Officer
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Lehto Group PLC:
Lehto is fast growing construction and real estate group. We operate in four service areas: Business Premises, Housing and Social Care and Educational Premises. We are the innovator and pioneer of the construction sector. Our economically driven operating model makes construction more profitable, ensures the quality of construction and brings significant time and cost savings to the customer. We employed around 1,500 people. Our net sales for 2018 amounted to EUR 721.5 million.