Peab acquires shares in Lemminkäinen

Peab acquires shares in Lemminkäinen

 

Peab disposes 2,080,225 shares of Lemminkäinen Oy, representing 10.59
percent of the capital and votes.
The deal was done through direct purchase of 1,140,225 shares on NASDAQ
OMX Helsinki, and signed by futures contracts for the purchase of
940,000 shares.
- We got the opportunity to acquire a major block of shares in
Lemminkäinen and at the current price level, we see the share as an
attractive financial investment with good expected yields. We make this
deal because we believe in a good long-term development in the Nordic
construction market, says Peab's CEO Jan Johansson in a statement.

For further information, contact:
Jesper Göransson, CFO Peab +46 733 371013

Gösta Sjöström, CIO Peab +46 733 371010

 

 

Peab AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.

The information was submitted for publication at 8 a.m. 14 September
2011.

Previous press releases from Peab are available at
www.peab.com (http://www.peab.com/)