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Qben Infra Unit to Sell Residential Housing Developer Team Bygg

MT Newswires·10/02/2026 12:06:20
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12:06 PM EDT, 10/02/2026 (MT Newswires) -- Qben Infra's (QBEN.ST) subsidiary Qben Construction agreed to sell its stake in Norwegian residential housing developer Team Bygg to Middelborg Group's Emercor, according to a Friday release. Emercor will pay up to 100 million Norwegian kroner in total consideration, structured as a conditional, performance-based earn-out tied to the net cash proceeds from Team Bygg's existing project portfolio over the 30 months after completion. It will also assume guarantee obligations previously provided by the infrastructure services group over the projects. The deal covers Team Bygg's residential development platform, project portfolio, organization and employees.