Stake increase

摘要

Swedish contractor Peab has taken a 10.6% stake in Finland's Lemminkainen for € 19 million (US$ 26 million). Lemminkainen is one of Finland's largest contractors, along with YIT and the Finnish subsidiaries of Skanska and NCC. Last year Lemminkainen had revenues of € 1.9 billion (US$ 2.6 billion), € 543 million of which were generated outside Finland. The company made an operating profit of € 29 million (US$ 39 million) - a 1.5% margin.