Polish associated company declared bankrupt
PRInz, a Polish construction company in which NCC owns a 47-percent interest, has been declared bankrupt, following a period of liquidity problems. NCC had already posted an impairment loss for the value of its shareholding in PRInz, which had a negative effect of SEK 26 million on third-quarter earnings.The construction company PRInz had sales of approximately PLN 600 million, corresponding to about SEK 1.4 billion. NCC acquired 25 percent of PRInz in December 1999 and subsequently increased its holding to 47 percent. The other major shareholders in PRInz are the Polish company Mostostal