YIT announces new strategy and financial targets for 2025-2029, introduces a new segment structure
STOCK EXCHANGE RELEASE JULY 28, 2003 15:45 1(1)
YITS ACQUISITION OF ABBS BUILDING SYSTEMS BUSINESS IN SWEDEN APPROVED BY THE SWEDISH COMPETITION AUTHORITY
On July 4, 2003 YIT Corporation signed an agreement whereby it purchased from ABB the companys Building Systems operations, which offer technical building systems, property and industrial services in Finland, Sweden, Norway, Denmark, the Baltic states and Russia.
The approval of the competition authorities was required before the deal will enter into force. On July 23, 2003 the Swedish Competition Authority (Konkurrensverket) announced that it has approved the acquisition of the Building Systems operations in Sweden. The Finnish Competition Authority approved the acquisition of the Building Systems operations in Finland on July 18, 2003.
YIT CORPORATION
Veikko Myllyperkiö Vice President, Corporate Communications
For additional information, contact: President Juhani Pitkäkoski, YIT Installation Ltd, tel. +358 20 433 3738, juhani.pitkakoski@yit.fi Vice President Veikko Myllyperkiö, YIT Corporation, tel. +358 20 433 2297, veikko.myllyperkio@yit.fi
Distribution: Helsinki Exchanges, principal media, www.yit.fi