Lemminkäinen Group was a Finnish company that operated in the

construction industry Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the ...

. Its business areas were

building construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

and infrastructure construction. The company operated in

Finland Finland, officially the Republic of Finland, is a Nordic country in Northern Europe. It borders Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland to the south, ...

Scandinavia Scandinavia is a subregion#Europe, subregion of northern Europe, with strong historical, cultural, and linguistic ties between its constituent peoples. ''Scandinavia'' most commonly refers to Denmark, Norway, and Sweden. It can sometimes also ...

Baltic countries The Baltic states or the Baltic countries is a geopolitical term encompassing Estonia, Latvia, and Lithuania. All three countries are members of NATO, the European Union, the Eurozone, and the OECD. The three sovereign states on the eastern co ...

and

Russia Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...

. Lemminkäinen was merged with YIT in February 2018. The company is named after the Finnish mythological figure

Lemminkäinen Lemminkäinen () or Lemminki () is a prominent figure in Finnish mythology. He is one of the heroes of the ''Kalevala'', where his character is a composite of several separate heroes of oral poetry. He is usually depicted as young and good-loo ...

Controversies

Lemminkäinen and seven smaller companies were convicted of forming a price

cartel A cartel is a group of independent market participants who collaborate with each other as well as agreeing not to compete with each other in order to improve their profits and dominate the market. A cartel is an organization formed by producers ...

to overcharge local authorities millions of euros for road paving work (asphalt). In 1999 the

Supreme Administrative Court of Finland The Supreme Administrative Court of Finland (, ) is the highest court in the Finnish administrative court system, parallel to the Supreme Court of Finland. Its jurisdiction covers the legality of the decisions of government officials, and its ...

ruled that the companies colluded on prices and other matters at least between 1994 and 2002. Helsinki District Court was in November 2013 ordered the companies to pay the largest damages in Finnish legal history: 40m euros to forty Finnish municipalities. The Finnish Competition and Consumer Authority announced on 3 June 2014 that it would approve the deal.

References

Companies based in Helsinki Construction and civil engineering companies of Finland Construction and civil engineering companies established in 1910 1910 establishments in Finland Companies formerly listed on Nasdaq Helsinki {{Finland-company-stub