Helsinki, Finland, 2016-04-28 07:50 CEST (GLOBE NEWSWIRE) --
CAVERION CORPORATION STOCK EXCHANGE RELEASE APRIL 28, 2016 AT 8.50 AM EEST
Possible bribery during 2009-2011 identified in Caverion’s project in Germany
As informed previously Caverion actively co-operates with authorities in the investigation of violations of competition law related regulations in the technical services industry in Germany. As part of this co-operation Caverion has identified activities during 2009-2011 that are likely to fulfil the criteria of corruption or other criminal commitment in one of its client project executed in that time. Caverion has brought its findings to the knowledge of the authorities and supports them to further investigate the case.
It is possible that these infringements will cause considerable damage to Caverion in terms of fines, civil claims as well as legal expenses. However, the magnitude of the potential damage cannot be assessed at the moment. Caverion is monitoring the situation and will disclose any relevant information as applicable under regulations.
More information: Fredrik Strand, President and CEO gives further information; please contact Päivi Alakuijala, VP, Marketing and Communications, tel. +358 40 8400 251
Milena Hæggström, Head of Investor Relations, tel. +358 40 5581 328, milena.haeggstrom@caverion.fi
CAVERION CORPORATION
Distribution: Nasdaq Helsinki, principal media, www.caverion.com
Caverion designs, builds, operates and maintains user-friendly and energy-efficient technical solutions for buildings, industries and infrastructure. Our services and solutions are used in commercial and residential buildings and on industrial and public sector properties, as well as in processes, ensuring business continuity, safety, healthy and pleasant surroundings, optimal performance and cost management. Our vision is to be a leading European provider of advanced and sustainable life cycle solutions for buildings and industries. Our strengths include technological expertise and comprehensive services, covering all technical disciplines throughout the entire life cycles of properties and industrial plants. Our revenue in 2015 was approximately EUR 2.4 billion. Caverion has over 17,000 employees in 12 countries in Northern, Central and Eastern Europe. Caverion’s shares are listed on Nasdaq Helsinki.www.caverion.com
@CaverionGroup
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