Veidekke: To complete the sale of industrial plot in Nykvarn near Stockholm

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In March 2022, Veidekke's Swedish industrial operations entered into an agreement with the logistics property provider NREP Logicenters regarding the sale of Veidekke's industrial plot at Snebro by Nykvarn, south of Stockholm. Execution of the transaction was conditional upon environmental approval from the authorities, which has now been granted. The transaction will therefore be completed in mid-November and will provide a financial gain of NOK 130 million in the 4th quarter 2022.

The transaction will give Veidekke a financial gain and additional liquidity of approximately NOK 130 million and will be included in Veidekke Infrastructure Sweden’s 4th quarter 2022 results.

Veidekke has blasted and prepared the 206,000 square meters of industrial land in Snebro since 2015.

“Mass handling in central regions is a core business for Veidekke's industrial operation. Our strategy is to operate our business from locations which can later be used for property development, and Snebro is a good example of this. It is good to know that our site here can take on new value as a logistics property,” says Marcus C. Nilsson, EVP at Veidekke.

This information is subject to a disclosure duty pursuant to section 5-12 of the Securities Trading Act.

For more information, contact:
Jørgen Wiese Porsmyr, CFO, +47 907 59 058

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Veidekke is one of Scandinavia's largest contractors. In addition to undertaking all types of building and civil engineering assignments, the group also maintains roads and produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and local experience. Its annual turnover is approximately NOK 38 billion, and half of its 7,800 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange, and has posted a profit every year since its inception in 1936.