Veidekke ASA: Divestment of Veidekke Eiendom completed
Veidekke ASA today completed the sale of its property development operation to the consortium comprising Fredensborg AS, Fredensborg Bolig AS, Norwegian Property ASA and Union Real Estate Fund III Holding AS. In line with the agreement entered into on 16 June 2020, Veidekke has received a consideration of NOK 7.1 billion on a debt-free basis.The buyer takes over the operation based on a company value of NOK 8.75 billion, including working capital, taxes and other debt items. The transaction generates a book gain for Veidekke of approximately NOK 1.2 billion, which will be recognised in the