Skanska divests three hospitals in UK for about GBP 66 M, about SEK 715 M

Skanska has sold its investment in three hospitals in the Midlands, UK, to co-investor Innisfree for about GBP 66M, about SEK 715 M. The transaction will be recorded in the third quarter of 2012.

The three PPP (Private Public Partnership) hospitals are, University Hospital Coventry, Derby City General Hospital and the Sherwood Forest Hospitals. Skanska was responsible for the successful design and construction of the hospitals and operations at the facilities commenced in June 2007, December 2008 and March 2011 respectively, providing world-class facilities for clinical staff and hundreds of thousands patients each year across the communities they serve.

Under a separate contract, Skanska UK is also responsible for the Hard Facility Management Services at Derby City General Hospital and the Sherwood Forest Hospitals. Today’s announcement relates to Skanska’s equity interests in these hospitals only. Skanska will continue to deliver the Hard Facility Management services at Derby City General Hospital and Sherwood Forest Hospitals.

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:
Edvard Lind, Group Press Officer, Skanska AB, tel: +46 (0)10-448 88 08
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.

Throughout 125 years, Skanska has been a modern and innovative developer and contractor, building what society needs. Today, 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 53,000 employees in selected home markets in Europe, in the US and Latin America. Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in 2011 totaled SEK 123 billion.