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NCN: Changes in Nordecon International Group structure

Spekuliantai.lt | 2009-05-20 | NASDAQ OMX biržų naujienos | perskaitė: 1697
Raktiniai žodžiai: Nordecon International AS, NCN
NCN: Changes in Nordecon International Group structure

Nordecon International Company Announcement 20.05.2009

Changes in Nordecon International Group structure

Nordecon International AS and its wholly-owned subsidiary Nordecon Infra AS
signed a share purchase agreement by which Nordecon International AS sold its
52 per cent shareholding in Estonian company OÜ Mapri Projekt to Group company
Nordecon Infra AS. This is an intergroup restructuring and as a result there is
no change in Group's participation in OÜ Mapri Projekt shareholding. The title
of the shares passes as per agreement on 31 May 2009.

OÜ Mapri Projekt is a Nordecon International Group company domiciled in
Estonia. Its main activities include various concrete works.

The restructuring was made in line with Nordecon International Group strategy
for 2009-2013. As per strategy Nordecon International AS is a holding company
that is responsible for Group's strategic management and management of the
support processes. Companies related to principal activities of the Group are
transferred to subgroups responsible for operations either in buildings or
infrastructure segment.

The transaction does not have material economical effect on the activities of
Nordecon International Group and does not qualify as an acquisition of
significant holding within the meaning of “Requirements for Issuers” of the
NASDAQ OMX Tallinn Stock Exchange regulations. The members of the supervisory
board and management board of AS Nordecon International do not have any other
personal interests in the incorporation of the company.

Nordecon International is a group of construction companies whose core business
is general contracting and construction management in the construction of
buildings and infrastructures in Estonia, Latvia, Lithuania and Ukraine. In
addition, in Estonia our companies act as independent contractors in road
construction and maintenance, environmental engineering, the assembly of
reinforced concrete elements, and the performance of cast-on-site concrete
works. The parent of the Group is AS Nordecon International, a company
registered and located in Tallinn, Estonia. In addition to the parent company,
there are more than 20 subsidiaries in the Group. The consolidated revenue of
the Group in 2008 was 3.9 billion kroons (247 million euros) and the
consolidated net profit was 171 million kroons (11 million euros). Nordecon
International Group employs more than 1,200 people. Since 18 May 2006, the
company's shares have been quoted in the main list of the NASDAQ OMX Tallinn
Stock Exchange.

1 euro = 15.6466 kroons

Raimo Talviste
Nordecon International AS
Head of Investor Relations
Tel: +372 615 4445
Email: raimo.talviste@nordecon.com

Taip pat skaitykite

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2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos


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