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Veidekke ASA Secures NOK 410 Million Contract for Oslo Residential Project

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Veidekke ASA Secures NOK 410 Million Contract for Oslo Residential Project

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The latest announcement is out from Veidekke ASA ( (GB:0GF6) ).

Veidekke ASA has been awarded a NOK 410 million contract by Moro AS to construct the Haslevangen project, featuring 136 apartments across seven buildings in Oslo. The project, which includes amenities such as sunny balconies and green communal spaces, marks a continuation of Veidekke’s collaborative efforts with Moro and is expected to enhance the residential appeal of the Hasle area, with construction set to begin immediately and completion expected between autumn 2026 and spring 2027.

More about Veidekke ASA

Veidekke is one of Scandinavia’s largest contractors, specializing in building and civil engineering projects, road maintenance, and the production of asphalt and aggregates. The company, which emphasizes stakeholder involvement and local experience, has an annual turnover of approximately NOK 43 billion and is listed on the Oslo Stock Exchange. Notably, half of its 8,000 employees own shares in the company, which has been profitable every year since its founding in 1936.

YTD Price Performance: -1.27%

Average Trading Volume: 1,727

Technical Sentiment Consensus Rating: Sell

Current Market Cap: NOK18.87B

Find detailed analytics on 0GF6 stock on TipRanks’ Stock Analysis page.

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