SOLNA, Sweden, July 4, 2003 (PRIMEZONE) -- NCC Roads Holdings AB has sold its ready-mixed concrete operations in Estonia, Latvia, Poland and St. Petersburg -- NCC's New Markets area -- to Scancem East AS. The sales price is SEK 105 million and the divestment will have a marginal impact on NCC's earnings.
The sale of the Estonian operations is subject to the approval of Estonia's competition authorities, which is expected to be granted during this summer.
NCC's concrete operations within New Markets generate annual sales of approximately SEK 160 million and have about 140 employees.
The sale is in line with NCC's strategy of streamlining its operations.
For further information, please contact: Greeg Nordqvist, Manager of Merge & Acquisition, NCC AB, Tel +46 8 585 52059 or +46 70 553 0426; Gisela Lindstrand, Press Relations Manager, NCC AB, Tel +46 8 585 52346 or +46 70 392 9500
All of NCC's press releases are available on www.ncc.info
NCC is one of the leading construction and property development companies in the Nordic region. NCC had in 2002 sales of SEK 45 billion, with 25,000 employees.
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