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Veidekke ASA ( (GB:0GF6) ) has provided an announcement.
Veidekke ASA has secured a contract with H.I.G. Capital to convert an office building into Hotell Hinna, a 181-room hotel in Stavanger, valued at over NOK 125 million. This project, which emphasizes sustainability, marks an important strategic focus for Veidekke as it transforms a former single-user building into a modern complex featuring hotel services and dining options, scheduled for completion in 2026.
More about Veidekke ASA
Veidekke is one of Scandinavia’s largest contractors, providing a wide range of building and civil engineering services, including road maintenance and asphalt production. The company focuses on stakeholder involvement and local expertise, boasts an annual turnover of approximately NOK 43 billion, and is notable for having half of its 8,000 employees as shareholders. Veidekke is listed on the Oslo Stock Exchange and has consistently posted profits since its founding in 1936.
YTD Price Performance: 2.25%
Average Trading Volume: 1,798
Technical Sentiment Consensus Rating: Sell
Current Market Cap: NOK19.54B
For a thorough assessment of 0GF6 stock, go to TipRanks’ Stock Analysis page.
