tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

AF Gruppen Subsidiary Wins NOK 166 Million Contract for Knarvik Wastewater Plant

Story Highlights
  • AF Gruppen’s Åsane unit will build Knarvik wastewater plant under MNOK 166 contract.
  • The 24‑month project boosts local infrastructure and reinforces AF Gruppen’s role in green public works.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AF Gruppen Subsidiary Wins NOK 166 Million Contract for Knarvik Wastewater Plant

Claim 70% Off TipRanks Premium

AF Gruppen ASA ( (AGRUF) ) just unveiled an announcement.

Åsane Byggmesterforretning, a subsidiary of AF Gruppen, has been chosen by Alver municipality in Vestland as the general contractor to build the new Knarvik wastewater treatment plant under a MNOK 166 contract, covering the main facility, a personnel building, a wastewater pumping station and access road. The project, which is set to start in the first quarter of 2026 and run for 24 months, will enhance local wastewater infrastructure in Knarvik and surrounding areas, underscoring AF Gruppen’s position in environmentally focused public infrastructure projects and strengthening its role as a partner to Norwegian municipalities on socially beneficial construction.

The most recent analyst rating on (AGRUF) stock is a Hold with a NOK196.00 price target. To see the full list of analyst forecasts on AF Gruppen ASA stock, see the AGRUF Stock Forecast page.

More about AF Gruppen ASA

AF Gruppen ASA, through its subsidiary Åsane Byggmesterforretning, operates in the construction and civil engineering sector, delivering building projects and infrastructure works for public and private clients, with a focus on complex assignments that combine demanding environmental standards, architecture and local site conditions.

YTD Price Performance: 32.65%

Average Trading Volume: 74,255

Current Market Cap: NOK20.5B

See more data about AGRUF stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1