Skanska divests Operations & Maintenance operations in Argentina for USD 75 M, about SEK 630 M

Skanska divests the Operations & Maintenance part of its operations for a preliminary price of USD 75 M about SEK 630 M, on a debt free basis. The price is subject to adjustments at closing of the transaction, which is expected to take place at the end of July. The transaction will be recorded in the Central stream and will not have any material result effect. 

The operations generated revenues of about USD 350 M, about SEK 3 billion, during 2014. The buyer is Perez Companc Family Group, an Argentinian Group active in Latin America.

After the closing of the transaction Skanska has no remaining operations in Argentina.  

For further information please contact:

Magnus Persson, Senior Vice President Investor Relations, Skanska AB, tel +46 (0)10 448 64 29

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 60,000 employees in selected home markets in Europe and in the US. Skanska's sales in 2014 totaled SEK 145 billion.