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NCC enters into new agreement to acquire Destia's asphalt operation

Last week, the Finnish Market Court approved NCC's acquisition of
Destia's asphalt operation subject to certain conditions. NCC has now
analyzed the conditions and choose not to complete the agreement by
March 2011 but instead use a new agreement with Destia, since it had
become clear that the Market Court's conditions were partly not under
NCC's control. The new agreement will be examined by the Finnish
Competition Authority, which is expected to complete its inquiry before
year-end.
 
It was in March 2011 that NCC signed an agreement to acquire the asphalt
and paving operations of the Finnish company Destia. Subsequently, the
agreement became subject to review by the Finnish Competition Authority,
which announced in early August that it opposed the merger and requested
that the matter be tried in the Market Court. Last week, the Finnish
Market Court approved the acquisition subject to certain conditions.
 
NCC has now analyzed the Market Court's conditions and chooses not to
complete the agreement by March 2011 but instead use a new agreement
with Destia since it had become clear that the conditions for the
business transaction were partly not under NCC's control. The new
agreement will now be examined by the Finnish Competition Authority,
which is expected to complete its inquiry before year-end.
 
The new agreement encompasses Destia's entire asphalt and paving
operations, with the exception of asphalt operations in the Helsinki
area.
 
NCC has previously communicated information concerning the agreement
with Destia on March 24, August 5 and November 2.
 
For further information, please contact:
Göran Landgren, Business Area President, NCC Roads +46 705 950 730
Magnus Jonsson, External Communication and Media Relations Manager, NCC
AB, +46 70 817 87 11
 
NCC's media line: +46 (0)8-585 519 00, E-mail:
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