YIT will withdraw from all operations in Russia through the sale of the businesses

Although the closing process took longer than initially estimated, the transaction was completed in accordance with the agreed sale and other terms. The full financial effects of the transaction will be disclosed in ’s semi-annual report.

Markku Moilanen, YIT’s President and CEO: “We are very pleased to announce that the transaction has been completed. Our in faced unprecedented challenges due to the , and the sale of the business allowed us to exit quickly, in a controlled and complete manner. We can now focus fully on our strategy and core businesses.

The strategic review of Russian operations was initially initiated in November 2021 and accelerated in March 2022 due to changes in the geopolitical situation.

Source: YIT Corporation

Source: The Nordic Page


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