Publication of Lemminkäinen Corporation's Financial Statements bulletin for the year 2017
LEMMINKÄINEN CORPORATION PRESS RELEASE 22.4.2010, 9.15 LEMMINKÄINEN STRENGTHENS ITS POSITION ON NORWAY'S INFRASTRUCTURE MARKET On 21 April 2010 Lemminkäinen acquired a 75% majority interest in Asfalt Remix AS, a Norwegian infrastructure construction company, from Brynildsen Holding AS. Lemminkäinen has an option to acquire the remainder of the company's shares. The parties have agreed not to disclose the transaction price. Asfalt Remix AS specialises in the cold milling of asphalt pavement.
LEMMINKÄINEN CORPORATION PRESS RELEASE 22.4.2010, 9.15 LEMMINKÄINEN STRENGTHENS ITS POSITION ON NORWAY'S INFRASTRUCTURE MARKET On 21 April 2010 Lemminkäinen acquired a 75% majority interest in Asfalt Remix AS, a Norwegian infrastructure construction company, from Brynildsen Holding AS. Lemminkäinen has an option to acquire the remainder of the company's shares. The parties have agreed not to disclose the transaction price. Asfalt Remix AS specialises in the cold milling of asphalt pavement. The company operates mainly in the southern region of Norway. "Nordic infrastructure construction is one of our strategic growth areas. This acquisition augments the service offering of our paving operations in Norway, where we did not have our own milling machines earlier," says the Managing Director of Lemminkäinen Infra Oy, Henrik Eklund. Asfalt Remix has formerly acted as Lemminkäinen's subcontractor in milling works. In 2009 the company generated net sales of approx. EUR 8 million and employed about 25 people. The company will continue its operations as a subsidiary of Lemminkäinen Norge AS, and Per Brynildsen will stay on as the company's managing director and minority interest holder. Lemminkäinen has been in the paving and mineral aggregates business in Norway since 2001. Lemminkäinen Norge AS's net sales in 2009 were approx. EUR 120 million. The entry into force of the agreement requires the approval of the Norwegian competition authorities. LEMMINKÄINEN CORPORATION Corporate Communications ADDITIONAL INFORMATION: Henrik Eklund Managing Director Lemminkäinen Infra Oy Tel. +358 40 563 7811 henrik.eklund@lemminkainen.fi DISTRIBUTION: NASDAQ OMX Helsinki Ltd Key media www.lemminkainen.com 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 Ltd. www.lemminkainen.com