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YIT Oyj Updates on Demerger of Building Services Business


Tuesday, 4 Jun 2013 02:11am EDT 

YIT Oyj announced that according to the demerger plan the Company is demerged so that all assets and liabilities related to YIT’s Building Services business are transferred to a new company, named Caverion Corporation (Caverion), to be formed in the demerger. YIT’s Construction Services business will form YIT’s continuing operations. The demerger will become effective when YIT’s Extraordinary General Meeting to be held on June 17, 2013 has approved the demerger and its implementation is recorded with the Finnish Trade Register. The planned registration date is June 30, 2013. YIT will apply, on behalf of Caverion, for the listing of all Caverion shares for public trading on NASDAQ IMX Helsinki Ltd with the trading code CAV1V, so that the Caverion shares are estimated to be entered into public trading on July 1, 2013. 

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