Selvaag Bolig ASA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Selvaag Bolig ASA to Develop Central Area in Sandnes in Cooperation with AVA Eiendomspartner AS and Varner Kapital AS
Selvaag Bolig ASA announced that the Company has entered into an agreement to develop a central area in the town of Sandnes south of Stavanger together AVA Eiendomspartner AS and Varner Kapital AS. The part of the site designated for housing could accommodate 450-600 homes. The agreement has been signed following a satisfactory due diligence process with Sandnes Eiendom Invest, the company which owns the development land. Parts of the site will be separated out into a new company where Selvaag Bolig will hold 80% of the shares, and AVA Eiendomspartner AS and Varner Kapital AS will hold 20% of the shares.
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