FÖRSLÖV, Sweden--(BUSINESS WIRE)--Regulatory News:
Peab (STO:PEABB) has been commissioned to build new schools and preschools in Bredvik, Vaxjo. The school includes grades 1-9 and will become the largest in the municipality. The client is Växjö and the contract amounts to approximately SEK 233 million.
The new school property comprises approximately 13,000 square meters of space indoors and approximately 40,000 square meters of land. The school will be Växjö's largest school and be environmentally classified as Green Building Silver.
The project will begin immediately and will be completed in March 2017.
The project will be reported in the second quarter 2015.
Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 20 April at 12.00 p.m.
Peab is the Nordic Community Builder with some 13,000 employees and net sales exceeding SEK 43 billion. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.
This information was brought to you by Cision http://news.cision.com