Peab sells two small businesses Peab intends to sell two smaller subsidiaries, that no longer are considered as core business in Peab, to the management of each company. The companies are: Netel AB, with operations in the electricity and telecom sectors. The company had sales of approximately SEK 240 M in 2009 with an operating profit of around 0 Competing Well AB, with activity in the energy measurement. The company had sales of approximately SEK 10 million in 2009 with a slightly negative operating result. Under current law, Peab can not sell a business to an employee unless it is decided by a General Meeting, why Peab will convene an Extra General Meeting on 9 July 2010. For further information, please contact: Jesper Göransson, Deputy MD +46 733 371013 Gösta Sjöström, CIO Peab +46 733 371010 Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 5.30 pm on 23 June 2010. Previous press releases from Peab are available at www.peab.com (http://www.peab.com/)
Peab sells two small businesses
| Source: Peab AB
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