The sale of SRV’s share in Fennovoima to RAOS Voima Oy will not be realised

SRV GROUP PLC     INVESTOR NEWS     8 AUGUST 2022        10:00 EEST

The sale of  SRV’s share in Fennovoima to RAOS Voima Oy will not be realised

The completion of the set of agreements signed on February 4, 2022 between SRV and RAOS Voima Oy, which would have led to SRV’s exit from its ownership in Fennovoima will not be realised.

The completion of the contractual arrangement mentioned in the investor news of February 4, 2022 was subject to approval by the Ministry of Economic Affairs and Employment. Obtaining of the approval and completion of the set of agreements are not possible any more due to, among other things, the Government decision of June 9, 2022 to expire the process of construction licence application for the Hanhikivi 1 nuclear power plant and other major changes occurred in the Hanhikivi 1 project.

For further information, please contact:

Saku Sipola, President & CEO, tel. +358 (0)40 551 5953, saku.sipola@srv.fi

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SRV in brief

SRV is a Finnish developer and innovator in the construction industry. We are building a more sustainable and responsible urban environment that fosters economic value and takes the wellbeing of both the environment and people into consideration. We call this approach lifecycle wisdom. Our genuine engagement and enthusiasm for our work comes across in every encounter – and listening is one of our most important ways of working. We believe that the only way to change the world is through discussion.

Our company, established in 1987, is listed on the Helsinki Stock Exchange. We operate in growth centres in both Finland and Russia. In 2021, our revenue totalled EUR 932.6 million. In addition to approximately 1,000 in-house staff, we have a network of around 3,600 partners.

SRV – Building for life

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