YIT and Lemminkäinen

In September 2017, the FCCA initiated further proceedings concerning a transaction according to which Lemminkäinen Oyj is to merge with YIT Oyj. In December 2017, the Market Court extended the deadline for proceedings until 26 January 2018. Without the deadline’s extension, the consideration period for the acquisition would have ended on 28 December 2017. The extension was required in order to complete the FCCA’s investigation of the acquisition.