Lemminkäinen and YIT will complete the merger
LEMMINKÄINEN CORPORATION STOCK EXCHANGE BULLETIN 16.2.2007 12.52 FCA WILL NOT PROPOSE ANY SANCTIONS AGAINST COMPANIES OF THE BITUMINOUS ROOFING INDUSTRY The Finnish Competition Authority (FCA) has closed its investigation of the alleged prohibited exchanges of information in the bituminous roofing industry. On 16 February 2007 the FCA announced its decision to close the case without proposing any sanctions against companies in th
LEMMINKÄINEN CORPORATION STOCK EXCHANGE BULLETIN 16.2.2007 12.52 FCA WILL NOT PROPOSE ANY SANCTIONS AGAINST COMPANIES OF THE BITUMINOUS ROOFING INDUSTRY The Finnish Competition Authority (FCA) has closed its investigation of the alleged prohibited exchanges of information in the bituminous roofing industry. On 16 February 2007 the FCA announced its decision to close the case without proposing any sanctions against companies in the industry. The FCA justified its decision on the grounds that the legal position may have been unclear and that the companies had changed their information handling practices already before the FCA launched its investigations. In March 2002 the FCA conducted an audit of all major companies engaged in bituminous roofing manufacturing and contracting, Lemminkäinen included. In March 2006 the FCA sent Lemminkäinen a copy of its draft proposal to the Market Court for comment. In the draft proposal the FCA claimed that prohibited exchanges of information had taken place on the bituminous roofing market during the years 1996-2002. In its response to the FCA in June 2006, Lemminkäinen clarified that the information in question concerned mainly total sales volumes which had been gathered for the purpose of preparing general construction sector statistics. The information was strategically insignificant and had no effect on the competitive behaviour of the companies. LEMMINKÄINEN CORPORATION Juhani Sormaala Managing Director DISTRIBUTION: Helsinki Exchanges, key media