NCC sells road-building arm

Swedish construction company NCC AB has said it will sell its asphalt operations in Poland to Austria’s Strabag AG for US $153 million (EUR116 million)

Swedish construction company NCC AB has said it will sell its asphalt operations in Poland to Austria�s Strabag AG for US $153 million (EUR116 million).

The sale, which is subject to regulatory approval, will generate a capital gain of around $58.5 million, NCC said in a statement.

“The reason we are selling the Polish Roads operations is that we want to focus the operations and future investments of NCC Roads on the Nordic region,� said Alf Goransson, chief executive, NCC AB.

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