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AF Gruppen ASA ( (AGRUF) ) has provided an update.
Betonmast, a subsidiary of AF Gruppen, has secured a NOK 320 million contract to build a hotel in downtown Kristiansund for Campus Kristiansund 3 AS. The project, which follows a previous commercial building development for the same client, is expected to enhance the region’s infrastructure and economic growth, with construction starting in late 2025 and completion slated for mid-2027.
More about AF Gruppen ASA
AF Gruppen ASA is a leading construction and industrial group in Norway, with Betonmast as one of its subsidiaries. Betonmast specializes in building projects, focusing on delivering high-quality construction services to repeat developers and clients.
YTD Price Performance: 48.19%
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.45B
For an in-depth examination of AGRUF stock, go to TipRanks’ Stock Analysis page.