Peab to Build a New Hospital Building in Helsingborg

Regulatory News:

Peab (STO:PEABB)

Peab has been contracted to build a new nursing building on 40,000 sqm at Helsingborg Hospital. The client is Region Skåne and the project is executed in collaboration contract.

The Parties shall jointly determine the scope and cost.

The contract covers the construction of a new building of approximately 40,000 sqm BTA within existing hospital area. The property will contain facilities for adult psychiatric outpatient care, between health and whole day care, somatic outpatient and day care, medical laboratory operations and support functions for logistics and service.

"As a community builder, we are very proud to be commissioned to develop Helsingborg Hospital”, says Bratislav Marjanovic, Project manager at Peab.

The project is expected to order reported, after final determination of contract amount between the parties, in the first quarter by 2015.

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 on 29 August 2014 at 00.30 p.m.

Peab is the Nordic Community Builder with some 13,000 employees and net sales exceeding SEK 40 billion. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.

This information was brought to you by Cision http://news.cision.com