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19 Nov 2018 | 14:45

DekelOil cashew prospect awards key construction contact

DekelOil Public said a large-scale cashew processing project in Ivory Coast, for which it had an option to invest, had awarded a key civil works contact

DekelOil has an option to acquire a 58.5% interest in Pearlside Holdings, which is developing the project through subsidiary Capro.

The contract was by awarded Capro to two companies that jointly bid in the tender: Entreprise Kone Daouda Soukpafolo Nouvelle and and Societe Internationale d'Ingenierie en Structures et Assemblages Metalliques.

Work to be performed under the contract represented about 80-90% of the total civil works required for the project, including earth works, concrete floors and construction of office buildings.

The total cost of the contract was about €2.2m, payable by Capro.

Work was expected to take six-to-eight months to complete, commencing in early 2019. At 2:45pm: (LON:DKL) DekelOil Public Ltd share price was 0p at 3.75p

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