Renta Oy agreed to acquire Yit Kalusto Oy from YIT Oyj (HLSE:YIT) for an enterprise value of ?37 million on January 9, 2024. The purchase price will be paid at the closing of the transaction. The estimated net cash inflow from the transaction is approximately ?30 million.

The share transaction between YIT and Renta is conditional to the approval by the Finnish Competition and Consumer Authority, and it is estimated to be completed by 30 June 2024. In connection with the share transaction, 67 employees of YIT Kalusto Oy will transfer to Renta. Mikko Heinonen, Sofia Saarelainen, Tero Pikkarainen, Viola Karjalainen, Vivi Jaatinen, Mikko Huimala, Annika Grönholm, Essi Ellman, Matti Lajunen, Lisa Tihlman, Liisa Vaaraniemi, Marika Sorsa, Anton Falkenberg, and Sofia Ampuja of Hannes Snellman Attorneys Ltd. acted as legal advisor to YIT Oyj (HLSE:YIT) on the transaction.