Competition Authority Approves Peab Planned Acquisition of Peab Industri

STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:

The Competition Authority in Sweden has decided to leave Peab AB's (publ) (“Peab”) planned acquisition of Peab Industri AB (publ) (“Peab Industri”) without action. This means that the Competition Authority approves the merger, which could occur if Peab’s offer to acquire all shares and convertible Peab Industri is implemented. Competition authorities in Norway and Finland have provided the relevant approvals. Peab’s offer was conditional on, inter alia, that Peab received permission from Competition Authorities in order Peab acceptable time and on the Peab acceptable terms. This condition is now satisfied. Nomination period for the offer runs until the end of December 3, 2008 and accounting is expected to begin around 16 December. Peab reserves the right to extend the application period, as well as to defer the date for reporting of grants.

Previous press releases from Peab are available at www.peab.com

Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.30 a.m on 28 November 2008.

Peab is one of the leading construction and civil engineering companies in the Nordic countries with a net sale exceeding SEK 30 billion and approximately 12,000 employees. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on the Nordic Exchange. The registered office of the Group is at Förslöv, Skåne in south of Sweden.

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