Skanska divests interest in five social infrastructure projects in the UK for GBP 22 M, about SEK 220 M
Skanska divest its share of three school projects and two street lighting projects in the UK for GBP 22 M, about SEK 220 M. The buyer is the Skanska Pension Fund (Skanska UK’s main pension scheme) and the transaction will be recorded in the second quarter of 2013.
Skanska held 45-53 percent equity in the three school projects, Bristol (45.5%), Essex (52%) and Woodlands (53%) and 50 percent equity in the street lighting projects in Surrey and Croydon. Skanska will retain an indirect 7-8 percent share of the three school projects for the Local Education Partnership commitment. Two of the projects, Bristol and Essex, are in full operation, with the remaining three still under construction. Skanska UK will continue to manage and carry out construction, maintenance and operation services on these projects.
Skanska Infrastructure Development is a leader in the global Public Private Partnerships (PPP) market. The business unit invests in, develops and operates roads, hospitals, schools, power plants and other social infrastructure in partnership with the public sector.
For further information, please contact:
Pontus Winqvist, Senior Vice President Investor Relations, Skanska AB, tel: +46 (0)10-448 88 51
Direct line for media: tel: +46 (0)10-448 88 99
This and previous releases can also be found at www.skanska.com
Skanska AB may be required to disclose the information provided herein pursuant to the Securities Markets Act.
Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 57,000 employees in selected home markets in Europe, in the US and Latin America. Skanska's sales in 2012 totaled SEK 132 billion.