NCC companies, PO Box 13, FI-00281 Helsinki, tel. +358 10 507 51
E-mail: viestit@ncc.fi
The Finnish Market Court has approved NCC’s acquisition of Destia’s asphalt operations subject to certain conditions. NCC will now analyze the conditions while also awaiting the position taken by the Finnish Competition Authority concerning a possible appeal to the Supreme Administrative Court, before the transaction can be finalized.
02/11/2011
In March 2011, NCC signed an agreement to acquire the asphalt and paving operations of the Finnish company Destia. Subsequently, the agreement became subject to review by the Finnish Competition Authority, which announced in early August that it opposed the merger and requested that the matter be tried in the Market Court.
The Finnish Market Court has now approved the acquisition subject to certain conditions. The Competition Authority has until December 2 to appeal this ruling to the Supreme Administrative Court.
- We take a positive view of the Market Court’s ruling and will analyze the conditions. In addition, we will await expiration of the Competition Authority’s deadline for appealing to a higher authority before being able to finalize the transaction, says Göran Landgren, Business Area President, NCC Roads.
NCC has previously communicated information concerning the agreement with Destia on March 24, 2011 and August 5, 2011.
NCC Companies
PO Box 13
FI-00281 Helsinki
Tel. +358 10 507 51
E-mail: viestit@ncc.fi
E-mail is formed as follows: firstname.lastname@ncc.fi
NCC Roads Oy
President
Jyri Salonen
Tel. +358 10 507 6513
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