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Strong orders received but lower profit due to break-even result in NCC Property Development
Pursuant to its mandate from the Annual General Meeting held on April 11, 2018, the Board of Directors of NCC AB (publ) has decided to repurchase and sell the company’s own Series B shares.
Citycon is to acquire NCC’s 50 percent share of Mölndal Galleria for a purchase consideration based on a property value corresponding to SEK 584 million.
NCC launches Loop Industries, a tech company focusing on scalable businesses in the construction industry. The company’s portfolio currently comprises Loop Rocks, Loop Rocks Express and Hauly, digital platforms for logistics, building materials and transport.
NCC is applying IFRS 15 as of January 1, 2018 and is hereby publishing comparative figures for 2017 according to IFRS 15.
At today’s Annual General Meeting (AGM) of shareholders in NCC, the shareholders passed resolutions concerning dividend payment, election of the Board of Directors and director fees, election of auditor, guidelines for remuneration of senior executives and a long-term performance-based incentive program. Resolutions regarding the purchase and transfer of own shares were also passed.
Today marked the inauguration of eRoadArlanda, a Swedish innovation and the first road of its kind to allow both commercial and passenger vehicles to be recharged while driving. The solution, which is both sustainable and cost-effective, will allow existing public roads to be electrified and help to create a future of fossil-free road transport.