6 July 2017
Recent deals & highlights
Roschier represents YIT Corporation in its proposed combination with Lemminkäinen

Roschier represents YIT Corporation in its proposed combination with Lemminkäinen. The combination will be effected through an absorption merger whereby Lemminkäinen is merged into YIT. YIT's shareholders will own approximately 60% and Lemminkäinen's approximately 40% of the combined company. The preliminary combined annual revenue of the combined company is approximately EUR 3.4 billion and operating profit approximately EUR 85 million and it will employ around 10,000 employees located in 11 different countries.

This deal is only the second precedent on the Finnish market of a transaction structure whereby the combination of two Finnish listed companies is implemented through an absorption merger rather than a public tender offer.

More information on the deal in YIT's stock exchange release