Deadline for the consideration of YIT and Lemminkäinen acquisition has been extended to 26 January 2018

The Market Court has extended the deadline for the consideration of the acquisition between YIT Corporation and Lemminkäinen Corporation, under the investigation of the Finnish Competition and Consumer Authority, until 26 January 2018. Without the deadline’s extension, the consideration period for the acquisition would have ended on 28 December 2017.The extension is required in order to complete the FCCA’s investigation on the acquisition.

Read more:

  • The FCCA is requesting that the deadline for proceedings in the YIT and Lemminkäinen acquisition be extended to 26 January 2018 (FCCA press release, 11 December 2017)
  • FCCA to further investigate competition effects of merger of YIT and Lemminkäinen  (FCCA press release, 28 September 2017)