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The European Commission approves the sale of YIT’s Nordic paving and mineral aggregates businesses to Peab

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YIT Corporation                  Investor news                                           March 27, 2020 at 6:50 p.m.

The European Commission has on March 26, 2020 approved the sale of YIT’s paving and mineral aggregates businesses in Finland, Sweden, Norway and Denmark to Peab. The approval is unconditional.

The transaction was announced on July 4, 2019 and will be finalized on April 1, 2020.

 

For further information, please contact:

Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 40 576 0288, tommi.jarvenpaa@yit.fi

Ilkka Salonen, CFO, YIT Corporation, tel. +358 45 359 4434, ilkka.salonen@yit.fi

 

YIT Corporation

Tommi Järvenpää
Vice President, Investor Relations

 

Distribution: NASDAQ Helsinki, key media, www.yitgroup.com

YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic countries, Czech Republic, Slovakia and Poland. Our revenue in 2019 was approximately EUR 3.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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