Publication of Lemminkäinen Corporation's Financial Statements bulletin for the year 2017
LEMMINKÄINEN CORPORATION PRESS RELEASE 4.5.2010, 11.00 LEMMINKÄINEN CONSOLIDATES ITS POSITION ON NORWAY'S INFRASTRUCTURE CONSTRUCTION MARKET Lemminkäinen has acquired a 90.1% majority interest in Risa Rock AS, a subsidiary of the Norwegian Risa Group. Established in 2007, Risa Rock is a tunnel excavation company operating throughout Norway. "Acquisition of Risa Rock supports Lemminkäinen's strategy aiming at entering the Norwegian rock excavation market," says Henrik Eklund, Managing Dire
LEMMINKÄINEN CORPORATION PRESS RELEASE 4.5.2010, 11.00 LEMMINKÄINEN CONSOLIDATES ITS POSITION ON NORWAY'S INFRASTRUCTURE CONSTRUCTION MARKET Lemminkäinen has acquired a 90.1% majority interest in Risa Rock AS, a subsidiary of the Norwegian Risa Group. Established in 2007, Risa Rock is a tunnel excavation company operating throughout Norway. "Acquisition of Risa Rock supports Lemminkäinen's strategy aiming at entering the Norwegian rock excavation market," says Henrik Eklund, Managing Director of Lemminkäinen Infra, explaining the developments leading up to the deal. Infrastructure construction in Nordic countries is one of the focus areas in Lemminkäinen's current strategy. Lemminkäinen has been involved in the rock excavation business in Sweden since 1994. Risa Rock AS's net sales in 2009 totalled EUR 16 million and the company employed around 20 people. The company will continue its operations as Lemminkäinen Norge AS's subsidiary. A minority stake in the company will be held by the executive management, and Hans Olav Storkås will continue to serve as its Managing Director. Lemminkäinen has been involved in infrastructure construction in Norway since 2001. Lemminkäinen Norge AS's net sales in 2009 reached around EUR 120 million. The acquisition awaits regulatory approval by the Norwegian competition authorities. LEMMINKÄINEN CORPORATION Corporate Communications ADDITIONAL INFORMATION: Managing Director Henrik Eklund Lemminkäinen Infra Oy Tel. +358 40 563 7811 henrik.eklund@lemminkainen.fi DISTRIBUTION: NASDAQ OMX Helsinki Oy Major news media www.lemminkainen.fi Lemminkäinen Group operates in all areas of the construction sector. The Group's business sectors are building construction, infrastructure construction, technical building services, and building products. Net sales in 2009 were approx. EUR 2.0 billion, of which international operations accounted for about one fifth. The Group employs about 8,600 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Helsinki Oy stock exchange. www.lemminkainen.fi