Veidekke ASA: Divestment of Rogaland asphalt and aggregates operation completed
Veidekke ASA has completed the sale of its asphalt and aggregates operation in Rogaland to the Stangeland group.The two parties have been working towards a takeover agreement after signing a letter of intent in January 2021. The reasoning behind a divestment of Veidekke’s Rogaland asphalt and aggregates operation, is the group’s assessment of its total asphalt and aggregates positions in Norway, and its inability to achieve satisfactory profitability from the Rogaland asphalt operation. The divested operation achieved revenue of NOK 125 million in 2020, with an associated negative