Veidekke

Veidekke ASA: Signed contract for new construction and renovation of Blue Hotel Lidingö

Veidekke's subsidiary Billström Riemer Andersson Bygg AB has signed a contract

with ESS Group and Gillesvik Fastigheter at a value of SEK 170 million.

The contract involves new construction and renovation of Blue Hotel at Lidingö

outside Stockholm.

The project comprises an area of 8,400 square metres in total, and includes

complete renovation of 5,700 square metres, as well as new construction of 2,700

square metres to house i.a. new rooms and swimming pools. The project, which has

been planned in close collaboration between the customer and Billström Riemer

Andersson Bygg AB, is scheduled for completion in the spring of 2020.

"We have cooperated very well with ESS Group over several years and look forward

to carrying out another fine project together," says Magnus Andersson,

Department Manager at Billström Riemer Andersson Bygg AB.

Billström Riemer Andersson AB is a Veidekke subsidiary based in Gothenburg,

Sweden, with annual revenues of SEK 1.5 billion and 250 employees.

For press photos, see www.flickr.com/photos/veidekke, for more information,

contact:

Magnus Riemer, CEO Billström Riemer Andersson AB, tel +46 031-89 44 02;

Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner

-pa-meldinger/)

Veidekke is one of Scandinavia's largest construction and property development

companies. The company undertakes all types of building construction and civil

engineering contracts, develops residential projects, maintains roads, and

produces asphalt and aggregates. The company is known for its involvement and

local knowledge. Its annual turnover is NOK 36 billion, and half of its 8,600

employees own shares in the company. Veidekke is listed on the Oslo Stock

Exchange and has always posted a profit since it was founded in 1936.

AI Terminal