Peab Divests its Holdings in Lemminkäinen

Finland Finland Peab has announced that it has divested its entire holding in Lemminkäinen Corporation.

2017-10-11

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Peab was the only shareholder who voted against the resolution concerning the merger of YIT and Lemminkäinen and demanded redemption of its shares at the general meeting of Lemminkäinen resolving on the merger.
 
This means that the redemption of the shares of shareholders having objected the merger referred to in Chapter 16, Section 13 of the Finnish Companies Act will not take place and the entire merger consideration will be given as YIT shares.
 
Based on information included in the flagging announcement published by Lemminkäinen, the holding of Onvest Sijoitus Oy in Lemminkäinen has increased to a number of shares corresponding to the number of shares divested by Peab.




Maria Olsson Äärlaht
maria@nordicpropertynews.com




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