Business Services Industry

Peab wins SEK302m turnkey construction contract in central Stockholm

Nordic Business Report, Oct 22, 2007

NORDIC BUSINESS REPORT-22 October 2007-Peab wins SEK302m turnkey construction contract in central Stockholm(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish construction group Peab AB announced on Monday (22 October) that it has won a turnkey construction contract in Stockholm, Sweden from Deamatris Forvaltnings AB.

The contract, valued at SEK302m, covers the building of flats, offices and stores at Ostermalmstorg in central Stockholm.

The project is scheduled for completion in October 2009.

Peab, headquartered in Forslov, Sweden, is one of the Nordic region's construction and civil engineering groups. The company has some 12,000 employees in Sweden, Finland and Norway, and has an annual turnover of over SEK30bn. Peab is listed on the OMX Nordic Exchange in Stockholm.

One British pound (GBP) is worth approximately 13.16 Swedish kronor (SEK).

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