Peab changes accounting principles regarding projects with Swedish tenant-owned housing associations
As previously communicated Peab has received notices and reconciliation letters from Finansinspektionen on the issue of whether or not Swedish tenant-owned housing associations should be consolidated into Peab’s consolidated financial statements. On January 28, 2020 Peab received another letter maintaining that it is Finansinspektionen’s opinion that consolidation must be implemented. Peab has the right to respond before Finansinspektionen makes its final decision.Peab continues to be of the opinion that Peab does not have a controlling interest in tenant-owned housing associations from the