NCC sells holding in Estonian asphalt company for SEK 26 million
NCC sells holding in Estonian asphalt company for SEK 26 million NCC Roads has sold its interest in Estonian company AS Talter to Lemminkäinen of Finland. The sales price was approximately SEK 26 million (EEK 45 million) and the transaction will have a positive effect on NCC's earnings for the first quarter of 2004. The sale is in line with NCC's strategy of streamlining its operations. NCC Roads and Lemminkäinen were joint owners of Talter, with NCC Roads holding 49.8 percent of the company's shares. As a result of this divestment, Lemminkäinen owns 99.4 percent of the company. Talter is a construction company that focuses mainly on asphalt production and paving operations. The company is active throughout Estonia and has an approximately 18-percent share of the Estonian asphalt and paving market. Talter reported sales of about SEK 245 million in 2002. For further information, please contact: Tomas Carlsson, President NCC Roads New Market Tel +46 8 585 51645 or +46 70 552 9275 Gisela Lindstrand, Press Relations Manager NCC AB Tel +46 8 585 52346 or +46 70 392 9500 All of NCC's press releases are available on www.ncc.info NCC is one of the leading construction and property development companies in the Nordic region. NCC had in 2002 sales of SEK 45 billion, with 25,000 employees. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/01/08/20040108BIT20050/wkr0001.pdf