FCCA to accept acquisition of Lemminkäinen Oyj by YIT Oyj

On 28 August 2017, the Finnish Competition and Consumer Authority (FCCA) was notified of an arrangement whereby Lemminkäinen Group would be merged with YIT Group. Based on its decision on 28 September 2017, the FCCA has begun to investigate the matter further. The Market Court decided on 13 December 2017 to extend the deadline for proceedings on the acquisition until 26 January 2018. Taking into account the decision’s significance to the market and the special nature of the matter, the FCCA makes an exception and announces in advance that it will accept the acquisition of Lemminkäinen by YIT as such.

The FCCA will publish the decision on 26 January 2018, declining to comment on the decision’s content before that.

According to the Competition Act, the acquisition cannot be implemented until the FCCA’s decision has been published.

Further information:

  • Martina Castrén, Senior Research Officer, tel. +358 29 505 3325

Read more:

  • Deadline for the consideration of the merger of Lemminkäinen and YIT has been extended to 26 January 2018, FCCA press release on 13 December 2017
  • FCCA to further investigate competition effects of merger of YIT and Lemminkäinen, FCCA press release, 28 September 2017