August 23, 2017 / 10:18 AM / a month ago

BRIEF-Kardan says Tahal expands its activities in Angola

Aug 23 (Reuters) - KARDAN NV:

* TAHAL FURTHER EXPANDS ITS ACTIVITIES IN ANGOLA

* SUBSIDIARIES TAHAL GROUP B.V. AND TAHAL CONSULTING ENGINEERS LTD. SIGNED, TOGETHER WITH 50% PARTNER, 3 CONTRACTS REGARDING LARGE SCALE AGRICULTURE PROJECTS IN ANGOLA

* THE THREE PROJECTS TOTAL $291 MILLION

* DURATION OF EACH PROJECT IS 32 MONTHS AND WILL COMMENCE ONCE GESTERRA WILL CONFIRM IT HAS OBTAINED NECESSARY FINANCING FOR EACH OF PROJECTS

* EXPECTED REVENUES FROM THE PROJECTS OF $291 MILLION WILL BE ADDED TO BACKLOG OF TAHAL GROUP Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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