Lemminkäinen and YIT will complete the merger
LEMMINKÄINEN CORPORATION PRESS RELEASE 17.11.2006, 09.18 LEMMINKÄINEN SELLS ITS ROAD MARKING COMPANY Lemminkäinen Corporation is selling its subsidiary Tielinja Oy, a road marking company belonging to the Paving and Mineral Aggregates Division. The buyer is Elfving Opasteet Oy Ab, Finlands leading manufacturer of road marking materials and a company belonging to the Elfving Group. Tielinja Oy has been part of Lemminkäi
LEMMINKÄINEN CORPORATION PRESS RELEASE 17.11.2006, 09.18 LEMMINKÄINEN SELLS ITS ROAD MARKING COMPANY Lemminkäinen Corporation is selling its subsidiary Tielinja Oy, a road marking company belonging to the Paving and Mineral Aggregates Division. The buyer is Elfving Opasteet Oy Ab, Finlands leading manufacturer of road marking materials and a company belonging to the Elfving Group. Tielinja Oy has been part of Lemminkäinen Group since 1980. The reason for Lemminkäinens withdrawal from the road marking business is the change in contract models used by clients, which has led to a weakening of the synergy benefits between Tielinja and Lemminkäinens asphalt paving operations. In 2005 Tielinja Oy generated net sales of EUR 7.5 million. The company carries out road and street marking contracts in Finland and produces marking materials at its production plant in Tervakoski. Tielinja will be transferred to Elfving Opasteets ownership at the beginning of December 2006. LEMMINKÄINEN CORPORATION Henrik Eklund Head of Paving and Mineral Aggregates Division Tel. +358 2071 53313, +358 40 563 7811 DISTRIBUTION: Helsinki Stock Exchange, key media