The joint venture plan with Uponor and KWH Group will go to the Market Court

Uponor Corporation             Stock exchange release               28 February 2013 13.00 EET
 

The joint venture plan with Uponor and KWH Group will go to the Market Court

Uponor Corporation and KWH Group have agreed on submitting a reply to the Finnish Market Court and continue their plan to establish a joint venture company combining both companies’ infrastructure businesses. The plan, announced in September 2012, has subsequently been analysed by the Finnish Competition and Consumer Authority. On 25 February 2013 they proposed to the Market Court that the joint venture plan should not be approved.

The Market Court will process the Competition Authority’s proposal within a period of three months, as defined by law, ending on 25 May 2013.



Uponor Corporation

Tarmo Anttila
Vice President, Communications
Tel. +358 20 129 2852
 


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www.uponor.com
 



Uponor is a leading international provider of plumbing and indoor climate solutions for residential and commercial building markets across Europe and North America. In Northern Europe, Uponor is also a prominent supplier of infrastructure pipe systems. The Group employs approx. 3,000 persons, in 30 countries. In 2012, Uponor's net sales exceeded €810 million. Uponor Corporation is listed on NASDAQ OMX Helsinki in Finland. http://www.uponor.com.