Delphi has advised BRA

Veidekke has entered into an agreement to purchase 90.1% of the shares in Billström Riemer Andersson AB (BRA).

Since the beginning of 2007, BRA has had a strong development. Today, the company has a yearly turnover of about SEK 1.4 billions and employs approximately 200 employees, of which half are tradesmen. BRA works primarily with construction, but has also expertise in property development. The focus is on early-stage commercial projects with many large recurring customers. By acquiring 90.1% of the shares in BRA, Veidekke becomes the new main owner of BRA. BRA continues to act as an independent company and at the same time benefits from the large scale and the increased competitiveness that is gained by being a part of a larger group. Completion is made after approval by the Competition Authority’s approval.