Divestment of Veidekke Eiendom Completed – the Company is Renamed
Nordic —
Veidekke completed the sale of its property development operation to the consortium comprising Fredensborg AS, Fredensborg Bolig AS, Norwegian Property ASA and Union Real Estate Fund III Holding AS. In line with the agreement entered into on 16 June 2020, Veidekke has received a consideration of NOK 7.1 billion on a debt-free basis. After the sale the Veidekke Eiendom is renamed Nordr.