Brief: Lehto And City Of Vantaa Terminate Contracts For Construction Of Tikkurila's Multi-Space Office Building

Lehto Oyj

20/06/2022 15:02

June 20 (Reuters) - Lehto Group Oyj  LEHTO.HE :
    * LEHTO GROUP PLC: LEHTO AND THE CITY OF VANTAA ARE
TERMINATING
CONTRACTS FOR THE CONSTRUCTION OF TIKKURILA'S MULTI-SPACE OFFICE
BUILDING
    * IN ITS JANUARY-MARCH 2022 BUSINESS REVIEW, LEHTO SAID THAT
COMPANY IS IN NEGOTIATIONS TO TERMINATE SOME BUSINESS PREMISES
PROJECTS DUE TO SIGNIFICANTLY INCREASED MATERIAL COSTS.
    * ESTIMATED FINANCIAL EFFECTS RELATED TO TERMINATION OF
AGREEMENT
HAVE BEEN TAKEN INTO ACCOUNT IN COMPANY'S PREVIOUSLY PUBLISHED
FINANCIAL OUTLOOK FOR 2022
    * COMPANY IS CONTINUING NEGOTIATIONS WITH CITY OF VANTAA ON
DETAILS OF TERMINATION.

Source text for Eikon:  ID:nWkr1QlQt4 
Further company coverage:  LEHTO.HE 

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