Skanska is divesting its infrastructure services business in the UK for GBP 50M, about SEK 570M
Skanska has signed a binding Business Purchase Agreement (“BPA”) for the divestment of its infrastructure services business in the UK for GBP 50M, about SEK 570M. The buyer is M Group Services, a leading provider of essential infrastructure services within the water, energy, transport and telecommunication sectors in the UK and Ireland. The divestment is anticipated to be completed, and the transaction expected to be recognized, by the end of the first quarter 2021.Skanska’s infrastructure services operation in the UK comprises highways maintenance, rail maintenance and streetlighting