Veidekke ASA: Major contract for Veidekke at Sartor Storsenter

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Sartor Senter AS and Thon Sartor AS have awarded Veidekke Entreprenør the contract to expand Sartor Storsenter at Straume in Fjell municipality in Sotra west of Bergen. The contract comprises two turnkey contracts, and the total value of the contracts is NOK 490 million, excluding VAT.

The expansion involves demolition of existing buildings and construction of new buildings. There will be two levels of shops for both principals, and in Sartor Senter AS' section there will be a further three levels including five cinemas and an office level.

Construction work is currently starting up and will be completed in several stages. Everything is planned for completion in the summer of 2016.

"Veidekke is pleased to take on the contract and would like to thank the principals for the confidence they have shown in us. A number of challenges remain with respect to the scale of demolition and construction in a shopping centre in full operation, but through continuation of our good cooperation, we are confident that this will work out well," says District Manager Ingmar Austevoll with Veidekke.

For more information please contact:
Project Manager Kjartan Einarsson, tel. +47 909 86 450, kjartan.einarsson@veidekke.no
District Manager Ingmar Austevoll, tel +47 970 88 299, ingmar.austevoll@ veidekke.no
Communications Manager Helge Dieset, tel. +47 21 05 77 91 / +47 905 53 322, helge.dieset@veidekke.no

 

 Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of 18 billion (2011) and 6,500 employees. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates and road maintenance. Our values are professional, honest, enthusiastic and pioneering. Our goals for health, safety and the environment, HSE, have equal status with our financial goals. Veidekke is characterised by a strong corporate culture with employee involvement and co-ownership as important cornerstones. More than half of the employees are co-owners, holding around 20% of the Group's shares between them. The company is listed on the Oslo Stock Exchange and has never declared a loss since it was founded in 1936.

 

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

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