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Tuesday, 19 September 2017

Veidekke ASA: Approaches major contract

Veidekke ASA    

Published: 17:02 CEST 19-09-2017 /GlobeNewswire /Source: Veidekke ASA / : VEI /ISIN: NO0005806802

Veidekke ASA: Approaches major contract

The Board of Nye Veier AS has nominated Veidekke Entreprenør AS for the contract to build the new E6 road between Arnkværn and Moelv in Hedmark. The contract is valued at NOK 2.3 billion excluding VAT. 

It was announced in July that Veidekke had submitted the best bid in the competition for the huge contract. Following a successful specification phase between Nye Veier and Veidekke, the parties have agreed to proceed with the process.

Now there is an appeal deadline on Friday 29 September. If no objections are raised, contract signing is planned for Tuesday 3 October. 

More information on the project: http://www.nyeveier.no/veiprosjektene/e6-kolomoen-moelv/


For press photos see www.flickr.com/photos/veidekke, for more information, contact:
CEO and President Dag Andresen, tel. +47 91 55 14 10, dag.andresen@veidekke.no
CFO Jørgen Michelet, tel. +47 91 74 38 56,
Communications Manager Helge Dieset, tel. +47 90 55 33 22, helge.dieset@veidekke.no

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Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of building and construction contracts, develops residential projects, maintains roads and produces asphalt and aggregates. The company's operations are characterized by involvement and local knowledge. Revenue is NOK 30 billion (2016), and around half of the 7,400 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Veidekke ASA, Postboks 505, Skøyen, Oslo 0214, Norway
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