Update on civil contract in Norway
Reference is given to the notice on 4th January 2024, whereby it was announced that Forsvarsbygg had appointed NRC Norge AS, a company wholly owned by NRC Group ASA (the “Company”), to a contract for ground, foundation and construction work in connection with a new quay at Haakonsvern Naval Base. The Company hereby informs that following a legal challenge resulting in a temporary injunction by the Court, based on an appeal from another contractor, NRC Norge AS’ appointment has been disqualified. The Company is currently reviewing the Court’s decision and evaluating its position in