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Demerger 2025

L&T has been demerged into two separate publicly listed companies by the decision of the Extraordinary General Meeting held on December 4, 2025. One of the new companies focuses on facility services and the other on circular economy. The demerger has been executed on December 31, 2025.
 
Please find Prospectus below.

Lassila & Tikanoja's demerger

The company’s Board of Directors has proposed, and the Extraordinary General Meeting has approved, that the current company changed its name to Luotea Plc and focuses on the Property Services business area.

Circular Economy business was separated into a new listed company, which was named Lassila & Tikanoja Plc.


Demerger timeline

1

Board’s Decision to Initiate Demerger Planning

On 13 December 2024, the board of directors of Lassila & Tikanoja plc decided to initiate the planning of the possible separation of its circular economy businesses Environmental and Industrial Services and facility services businesses into two independent listed companies. 

2

Approval of the Demerger Plan

On 7 August 2025, the board of directors of Lassila & Tikanoja plc approved the demerger plan to separate the Circular Economy businesses into a new listed company, which will be named Lassila & Tikanoja plc.  In connection with the demerger, the company would retain its Facility Services business area, and the Company is intended to be re-named Luotea plc.

3

Listing Prospectus Publication

Lassila & Tikanoja published the demerger and listing prospectus in November 2025, prior to the General Meeting deciding on the demerger. The demerger and listing prospectus contains more detailed information about the demerger and the listing of the new circular economy company.

4

Capital Markets Day

Lassila & Tikanoja plc arranged a Capital Markets Day on 26 November 2025.

5

Extraordinary General Meeting

The Extraordinary General Meeting of the company approved the demerger on 4 December 2025.

6

Completion Date of the Demerger

The completion date of the demerger was 31 December 2025.

7

Trading in the Shares

Trading in the shares of Luotea Plc on Nasdaq Helsinki commenced on or about 2 January 2026.