Tallinn, Estonia, 2012-12-06 08:00 CET (GLOBE NEWSWIRE) -- Nordecon AS and Foundation Tartu Pauluse Kirik (St Paul’s Church in Tartu) signed a contract for the fifth stage renovation works in St Paul’s Church in Tartu. The works include renovation of church bell tower, exterior facade and concert hall with the construction of balconies.
The contract value without the reserve (10 per cent) for unexpected works is approximately 4.98 million euros, excluding VAT. The works start in the beginning of 2013 and are scheduled for completion in November 2014.
Nordecon is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructure segments. Geographically the Group operates in Estonia, Ukraine and Finland. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. In addition to the parent, the Group includes more than 10 subsidiaries. The Group’s consolidated revenue for 2011 was 147.8 million euros. Currently, Nordecon Group employs more than 700 people. Since 18 May 2006 the parent company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange.
Raimo Talviste
Nordecon AS
Head of Finance and Investor Relations
Tel: +372 615 4445
Email: raimo.talviste@nordecon.com
www.nordecon.com