Lemminkäinen Group was a Finnish company that operated in the

construction industry Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and come ...

. Its business areas were

building construction Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and com ...

and infrastructure construction. The company operated in

Finland Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of B ...

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and

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

Finnish Finnish may refer to: * Something or someone from, or related to Finland * Culture of Finland * Finnish people or Finns, the primary ethnic group in Finland * Finnish language, the national language of the Finnish people * Finnish cuisine See also ...

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 collude with each other in order to improve their profits and dominate the market. Cartels are usually associations in the same sphere of business, and thus an alliance of rivals. Mos ...

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