Lehto Group Plc: Lehto and Citycon prolong the preliminary agreement

Lehto Group Plc

Stock exchange release

 11 April 2018, 5.30 pm EEST

Lehto and Citycon prolong the preliminary agreement

Rakennusliike Lehto Ltd and Citycon Plc reported on October that Lehto and Citycon continue the development and planning of the Lippulaiva shopping mall located in Espoo and aim to sign the final agreements on construction and housing development before the end of March 2018. Now the preliminary agreement has been prolonged until May 2018.

Together with external designers the parties have designed and sought for solutions that would be in line with the functional and financial targets of both Citycon and Lehto.

The prolongment does not affect the financial outlook of Lehto Group Plc.

Further information:

Lehto Group Plc
CEO Hannu Lehto
+358 500 280 448

About Us

Lehto is the fast growing construction and real estate group. We operate in three 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 employ around 1,500 people. Our net sales for 2018 amounted to EUR 721,5 million.