NCC divests Road Services Sweden and Finland to Mutares
NCC divests the Swedish and Finnish part of the Road Services division to the German based holding company Mutares (Frankfurt Stock Exchange: MUX). The transaction will have a marginal negative effect on NCC earnings and a marginal positive effect on the cash flow in the third quarter.
NCC has been preparing for divestment of the Road Services division since 2018 since it has few synergies with other parts of the business and has been loss-making. Earlier this month NCC announced the divestment of the Road Services business in Denmark to Arkil A/S.
“Divesting the Road Services