The Finnish Competition & Consumer Authority (FCCA) has been granted an extension until 26 January, 2018, for its investigation of the merger of Lemminkäinen and YIT
Earlier this week, it was announced that the FCCA was looking for more time. The Finnish Market Court has now granted the FCCA an extension for handling the matter until 26 January, 2018, as it had requested.
During the extended investigation, the FCCA may approve the merger as such, attach conditions to the approval or request that the Finnish Market Court prohibit the merger.
As a result of the granting of the extension, the merger is likely to be completed on 1 February 2018, at the earliest, said Lemminkäinen.