Finnish Competition Authority opposes Destia’s divestment of surfacing business to NCC

05.08.2011 14:45:00

The Finnish Competition Authority has opposed Destia’s divestment of surfacing business to NCC. The Authority has requested that the Market Court forbid the planned corporate merger.

On March 2011, Destia and NCC signed a contract concerning a surfacing business transaction. The agreement has been subject to review by the Finnish Competition Authority (FCA), which has now announced that it opposes the transaction. The FCA has requested that the Finnish Market Court prohibit the acquisition.

The Market Court must now make a decision in this matter and issue notification within three months on whether the acquisition is to be approved or prohibited.

Destia previously communicated information concerning the agreement to sell it's asphalt surfacing business on March 24, 2011.

Further information is provided by:
President & CEO Hannu Leinonen, tel. +358 20 444 4000

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