Press release

Transfer of business at Valtatie Oy (Finland)

Colas Danmark, a wholly-owned subsidiary  of the Colas Group, signed a memorandum of understanding with NCC AB stipulating that their jointly-held company, Valtatie Oy, shall transfer its business to NCC Roads Oy, a subsidiary of the NCC Group in Finland.  
This Finnish road construction company, which posted revenue at 100% totaling roughly 46 million euros in 2007, is 50/50 jointly-owned by Colas Danmark and NCC Holding AB. The business transfer will be completed on the precedent condition of approval by the Finnish merger control authorities.  
This transfer will enable Colas to cease operating in a business that did not offer satisfactory growth perspectives on the Finnish market and that did not respond to its criteria in terms of profitability.

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Delphine Lombard
01 47 61 76 17 -