Skanska’s divestment of its infrastructure services business in the UK completed with a gain on sale of GBP 31M, about SEK 360M
As announced earlier, Skanska is divesting its infrastructure services business in the UK for GBP 50M, about SEK 580M, to M Group Services. The closing of the deal has been reached with a gain on sale of GBP 31M, about SEK 360M. The transaction will be recorded in Skanska Construction Europe in the second quarter of 2021.Comprising highways maintenance, rail maintenance and streetlighting replacement and maintenance, the divested business’s revenue in 2020 was GBP 334M, about SEK 3.9 billion. The order backlog amounted to GBP 541M, about SEK 6.3 billion, at the end of the first quarter 2021.