Edition:
United States

Lemminkainen Oyj (LEM1S.HE)

LEM1S.HE on Helsinki Stock Exchange

21.80EUR
10:07am EST
Change (% chg)

€0.30 (+1.40%)
Prev Close
€21.50
Open
€21.80
Day's High
€21.90
Day's Low
€21.68
Volume
28,250
Avg. Vol
41,976
52-wk High
€29.00
52-wk Low
€17.75

Latest Key Developments (Source: Significant Developments)

Finnish Authority Asks to Extend Investigation of YIT and Lemminkainen Merger
Monday, 11 Dec 2017 07:30am EST 

Dec 11 (Reuters) - LEMMINKAINEN OYJ ::THE FINNISH COMPETITION AND CONSUMER AUTHORITY APPLIES FOR AN EXTENSION FOR INVESTIGATING THE MERGER OF LEMMINKÄINEN CORPORATION AND YIT CORPORATION.‍FCCA HAS TODAY APPLIED FOR AN EXTENSION FROM FINNISH MARKET COURT UNTIL 26 JANUARY 2018​.‍PROVIDED THAT FINNISH MARKET COURT WILL GRANT APPLIED EXTENSION, COMPLETION WILL LIKELY BE DELAYED​.  Full Article

Lemminkainen Initiates Negotiations To Reduce Personnel
Thursday, 30 Nov 2017 05:00am EST 

Nov 30 (Reuters) - Lemminkainen Oyj ::STARTS A PROGRAMME TO IMPROVE ITS COMPETITIVENESS AND PROFITABILITY IN SWEDEN AND NORWAY..THROUGH THESE ACTIONS, LEMMINKÄINEN AIMS TO SAVE APPROXIMATELY EUR 5 MILLION IN FIXED COSTS ANNUALLY.PERSONNEL IMPACT OF PLANNED MEASURES WILL BE UP TO 170 FULL-TIME EQUIVALENTS.PERSONNEL NEGOTIATIONS RELATED TO THIS MATTER WILL BE COMPLETED BY END OF Q1 OF 2018.  Full Article

Lemminkäinen To Build Parking Facility In Skellefteå
Wednesday, 29 Nov 2017 07:37am EST 

Nov 29 (Reuters) - Lemminkainen Oyj ::LEMMINKÄINEN OYJ - LEMMINKÄINEN TO BUILD A PARKING FACILITY IN SKELLEFTEÅ, SWEDEN INVESTOR NEWS.‍WORK WILL BEGIN AT Q1 2018, AND IT WILL BE COMPLETED BY END OF SEPTEMBER IN 2019​.VALUE OF CONTRACT IS ABOUT EUR 12 MILLION..  Full Article

Lemminkainen signs contract with Gals LLC
Wednesday, 1 Nov 2017 07:18am EDT 

Nov 1 (Reuters) - LEMMINKAINEN OYJ ::‍LEMMINKÄINEN AND GALS LLC SIGNED A CONTRACT ON CONSTRUCTION OF 2ND TURN OF BUSINESS PREMISE IN ST. PETERSBURG​.‍PARTIES HAVE AGREED NOT TO DISCLOSE VALUE OF CONTRACT​.  Full Article

Lemminkainen Q3 July-Sept. oper. profit up at EUR 48.7 mln
Thursday, 26 Oct 2017 01:00am EDT 

Oct 26 (Reuters) - LEMMINKAINEN OYJ :Q3 NET SALES EUR ‍625.8​ MILLION VERSUS EUR 531.6 MILLION YEAR AGO.‍JULY-SEPTEMBER 2017 (7-9/2016) ORDER INFLOW WAS EUR 362.2 MILLION (351.4)​.‍ESTIMATES THAT ITS NET SALES IN 2017 WILL GROW FROM 2016 (EUR 1,682.7 MILLION)​.‍ADJUSTED OPERATING PROFIT IN 2017 IS EXPECTED TO IMPROVE FROM ADJUSTED OPERATING PROFIT IN 2016 (EUR 45.1 MILLION).‍JULY-SEPTEMBER OPERATING PROFIT AMOUNTED TO EUR 48.7 MILLION (42.8).  Full Article

Lemminkainen, Stockholm Vatten sign agreement for rock engineering work
Wednesday, 18 Oct 2017 05:03am EDT 

Oct 18 (Reuters) - LEMMINKAINEN OYJ :‍LEMMINKÄINEN AND STOCKHOLM VATTEN SIGNED AGREEMENT FOR ROCK ENGINEERING WORK IN HENRIKSDAL WASTEWATER TREATMENT PLANT​.‍VALUE OF AGREEMENT IS APPROXIMATELY EUR 30 MILLION​.‍WORK WILL BEGIN AT END OF OCTOBER 2017, AND IT WILL BE COMPLETED IN AUGUST 2019​.  Full Article

YIT-Lemminkainen merger may have harmful market impacts -watchdog
Thursday, 28 Sep 2017 03:18am EDT 

Sept 28 (Reuters) - Finnish competition and consumer authority::says proposed merger between YIT and Lemminkainen may have harmful impacts on competition in housing and infrastructure construction.says further proceedings needed.says may approve merger as such, attach conditions to approval or request that Finnish market court prohibit merger.  Full Article

Finnish authorities initiate further proceedings on YIT-Lemminkainen merger
Thursday, 28 Sep 2017 02:50am EDT 

Sept 28 (Reuters) - YIT Oyj :says the Finnish competition and consumer authority initiates further proceedings concerning the combination of YIT and Lemminkainen.Says FCCA may approve merger as such, attach conditions to approval or request that Finnish market court prohibit merger.‍according to Finnish competition act, subsequent proceedings may not take longer than three months​.‍due to decision it is more likely that merger is completed on January 1 at earliest​.  Full Article

YIT shareholders approve issuance of new shares to shareholders of Lemminkäinen
Tuesday, 12 Sep 2017 05:00am EDT 

Sept 12 (Reuters) - YIT OYJ :‍SHAREHOLDERS OF LEMMINKÄINEN SHALL RECEIVE AS MERGER CONSIDERATION 3.6146 NEW SHARES OF YIT FOR EACH SHARE OWNED IN LEMMINKÄINEN​.‍ANY COSTS RELATED TO SALE AND DISTRIBUTION OF FRACTIONAL ENTITLEMENTS SHALL BE BORNE BY YIT​.‍TOTAL OF 83,876,431 NEW SHARES IN YIT WOULD BE ISSUED TO SHAREHOLDERS OF LEMMINKÄINEN AS MERGER CONSIDERATION​.  Full Article

Lemminkainen gets partial leave to appeal granted by Supreme Court
Wednesday, 6 Sep 2017 02:00am EDT 

Sept 6 (Reuters) - LEMMINKAINEN OYJ ::‍SUPREME COURT SAYS IT GRANTS LEAVE TO APPEAL TO LEMMINKÄINEN, CITY OF VANTAA REGARDING LEGAL PROCEEDINGS CONCERNING DAMAGES RELATED TO ASPHALT CARTEL​.‍ACCORDING TO COURT'S DECISIONS, APPLICATIONS FOR LEAVE TO APPEAL OF 15 CITIES OR MUNICIPALITIES CONCERNING LEMMINKÄINEN WERE DISMISSED ENTIRELY​.‍APPLICATION FOR LEAVE TO APPEAL BY CITY OF ESPOO WILL AWAIT DECISIONS TO BE RENDERED IN CASES WHERE LEAVE TO APPEAL WAS GRANTED​.  Full Article

Deals of the day-Mergers and acquisitions

June 19 The following bids, mergers, acquisitions and disposals were reported by 2045 GMT on Monday: