Update on the process concerning Veidekke’s property development operation
In November 2019, Veidekke’s board of directors made the decision to spin out the property development operation with an amended ownership structure. As reported at Q4 2019, the work is progressing as planned. Consideration will be given to both stock-exchange listing and the sale of the operation, and Veidekke will make a decision regarding ownership structure and transaction model in the first half of 2020. In the event Veidekke should decide on a stock exchange listing, Jørgen Wiese Porsmyr, currently EVP at Veidekke, will take on the position as CEO of the new listed company.