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Croatia’s Institut IGH gets motorway supervision deal

May 20, 2024, 11:12:07 AMArticle by Annie Tsoneva
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May 20 (SeeNews) - Croatian civil engineering company Institut IGH [ZSE:IGH] said that it has signed a 405,350 euro ($441,000) deal with local state-owned road construction and management company Hrvatske Ceste to provide supervision services for the construction of a motorway section.

Croatia’s Institut IGH gets motorway supervision deal
Road construction works in Croatia. Photo by Hrvatske Ceste.

The deal involves a 3.7 kilometre long motorway section from Okucani to the border with Bosnia, eastern Croatia, the company said in a filing to the Zagreb bourse on Friday.

Shares of Institut IGH last traded on May 16, ending 9.92% higher at 13.30 euro on the Zagreb Stock Exchange.

($ = 0.920 euro)

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