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YIT Oyj's EGM Approves Demerger of Caverion


Monday, 17 Jun 2013 05:15am EDT 

YIT Oyj announced that Extraordinary General Meeting (EGM) held on June 17, 2013, approved the demerger plan and decided on the partial demerger of YIT. According to the demerger plan YIT will demerge so that all of the assets, liabilities and responsibilities related to YIT's Building Systems business are transferred to a company to be established in the demerger named Caverion Oyj. YIT's Construction Services business will remain with YIT. Following the implementation of the demerger, Caverion Oyj will be an independent public limited company, separate from YIT Oyj. The planned registration date of the implementation of the demerger is June 30, 2013. Mr. Henrik Ehrnrooth has been appointed Chairman of the Board of Directors of Caverion. 

Company Quote

5.86
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27 Nov 2014