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Israel's Shikun & Binui wins $390 mln road deal in Nigeria

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TEL AVIV | Tue Oct 2, 2012 4:20am EDT

TEL AVIV Oct 2 (Reuters) - Shikun & Binui, Israel's leading construction group, won a contract worth $390 million from the government of Nigeria to pave and widen a highway in the Sagamu-Benin region.

The work will be carried out over three years.

Shikun & Binui is controlled by the Arison Group, the investment arm of billionaire Shari Arison. Its shares were up 3.3 percent in morning trade in Tel Aviv. (Reporting by Tova Cohen)
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