Lehto Group on Tuesday revealed that its three key subsidiaries have filed for bankruptcy. The subsidiaries, Lehto Asunnot, Lehto Tilat and Lehto Korjausrakentaminen, accounted for most of the 345 million euros the construction conglomerate reported in revenue in 2022.
“I’m sure there’ll be more bankruptcies,” Jouni Vihmo, the chief economist at the Confederation of Finnish Construction Industries (RT), told YLE on Monday.
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