Nordecon AS Wins Bid for Estonian Public Broadcasting TV Building
Riigi Kinnisvara AS officially announced that Nordecon AS has emerged as the preferred bidder for the construction of the new Estonian Public Broadcasting TV building. The approved bid value stands at 40.1 million euros, which includes a reserve but excludes VAT. Following a mandatory 14-day appeal period, both parties are set to finalize the contract, which will be further detailed in an upcoming stock exchange announcement.
About Nordecon AS
Nordecon AS is a prominent player in the construction sector, specializing in project management and general contracting, particularly in buildings and infrastructure. Its operations extend beyond Estonia, reaching Ukraine and Sweden. The company is headquartered in Tallinn, Estonia, and has been listed on the Nasdaq Tallinn Stock Exchange since May 18, 2006. In 2023, Nordecon Group reported consolidated revenues of 278 million euros and currently employs a skilled workforce of around 430 professionals.
The Significance of the Project
This undertaking is vital for advancing the Estonian Public Broadcasting’s capabilities by providing a modern facility that supports their broadcasting needs. The construction of this new TV building is anticipated to enhance the reach and quality of public broadcasting services in the region, demonstrating a commitment to improving media accessibility and innovation.
Future Prospects for Nordecon AS
With this new contract, Nordecon AS is expected to strengthen its position in the construction market, bolstering its portfolio with a high-profile project. This win not only reflects the firm's expertise in managing large-scale endeavors but also signifies confidence in the company's operational capabilities moving forward.
Investor Relations Contact Information
Investors looking for more information can reach out to Andri Hõbemägi, the Head of Investor Relations at Nordecon AS. He can be contacted via telephone at +372 6272 022 or via email at andri.hobemagi@nordecon.com.
Frequently Asked Questions
What contract did Nordecon AS win?
Nordecon AS won the contract for the construction of the new Estonian Public Broadcasting TV building, valued at 40.1 million euros.
What is the next step after the bid win?
After the 14-day appeal period, Nordecon AS and Riigi Kinnisvara AS will finalize and sign the contract.
Where is Nordecon AS located?
Nordecon AS is headquartered in Tallinn, Estonia and operates in Estonia, Ukraine, and Sweden.
What are the recent financials for Nordecon Group?
In 2023, Nordecon Group reported consolidated revenues of 278 million euros and employs around 430 individuals.
When did Nordecon become publicly listed?
Nordecon AS has been listed on the Nasdaq Tallinn Stock Exchange since May 18, 2006.
