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YIT Oyj Updates on Demerger of Its Building Systems Business


Tuesday, 21 May 2013 05:30am EDT 

YIT Oyj announced that the Company's Board of Directors has approved and published the demerger plan concerning the partial demerger on February 21, 2013. According to the demerger plan, YIT will demerge such that all of the assets and liabilities related to YIT’s Building Systems business will be transferred to a company, to be established in the demerger, named Caverion Corporation. YIT’s Construction Services business will make up the continuing operations. The demerger will become effective when YIT's Extraordinary General Meeting on June 17, 2013, approves the demerger and its implementation is recorded in the Finnish Trade Register. The planned registration date is June 30, 2013, after which Caverion shares will be admitted for public trading on the NASDAQ OMX Helsinki. 

Company Quote

5.085
-0.085 -1.64%
27 Mar 2015