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YIT saidA it would pay the priceA in instalments over a number of years.
According to YIT the projects and services will be coordinated centrally, but executed at the airports by the immediate YIT department with security expertise.
A March 1988 demonstration there that started from a simple quarrel between five YIT students and some local residents at a tea shop finally led to the nationwide demonstrations for democracy.
The total investment of approximately EUR 250M will be financed by long term loans from European Investment Bank, Nordic Investment Bank, and Pohjola Bank and equity to be provided by Meridiam (80%) and YIT (20%).
The contract is part of the property and facilities management service agreement where YIT was allocated overall responsibility for the maintenance and management of Finnair's properties.
According to the YIT Group, Finland's largest residential construction company, the country will need annual production of 24,000-29,000 apartments over the forecast period.
Brookfield (BAM,BPY,GGP), Time Warner (TWX), News Corporation (NWSA), Penn National Gaming (PENN), Murphy Oil (MUR), Autogrill SpA (AGL), PPR SA (PP), YIT Oyj (YTY1V), Siemens (SIE), Orascom (OCIC), and Valero Energy Corp .
The Finnish airline operator Finnair Plc said on Monday (18 October) that it has signed a letter of intent to outsource its real estate and facilities management services to YIT Kiinteistotekniikka Oy, part of construction and infrastructure services group YIT.
The unit in Finland, Sweden, Norway, Denmark, the Baltic states and Russia will be sold to Finland's YIT Corporation for pounds 140 million, subject to regulatory approval.
Finnish construction and services group YIT Corporation said on Tuesday (6 June) that its subsidiary AB YIT Kausta would build the new passenger terminal at Vilnius International Airport in Lithuania.
Paris based retailer, PPR SA (PP), $3bn building & construction firm, YIT Oyj (YTY1V); $95bn global industrial firm Siemens (SIE), $6bn engineering and services firm, Metso Oyj (MEO1V), to name a few.
The dual band coverage system - supporting both 2G and 3G services - is being installed by the YIT Group (www.