Veidekke Takes Over Råbylund Project in Strategic Expansion

Veidekke ASA ( (GB:0GF6) ) just unveiled an announcement.

Veidekke ASA has taken over the Råbylund residential project in Lund, Sweden, following the bankruptcy of the previous contractor, Serneke. The project, valued at SEK 225 million, involves the construction of 412 rental apartments and an underground garage, with completion expected in early 2027. This strategic move strengthens Veidekke’s position in the Scandinavian construction market and demonstrates its capability to manage large-scale projects in collaboration with partners like Heimstaden and Magnolia Bostad.

The most recent analyst rating on (GB:0GF6) stock is a Hold with a NOK115.00 price target. To see the full list of analyst forecasts on Veidekke ASA stock, see the GB:0GF6 Stock Forecast page.

More about Veidekke ASA

Veidekke is one of Scandinavia’s largest contractors, specializing in construction and civil engineering projects. The company also maintains roads and produces materials such as asphalt, crushed stone, and gravel. With a turnover of approximately NOK 41 billion, Veidekke is notable for its employee ownership structure, with half of its 8,000 employees owning shares. Listed on the Oslo Stock Exchange, the company has maintained profitability since its inception in 1936.

Average Trading Volume: 92,315

Current Market Cap: NOK20.78B

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