Skanska divests Walsall Manor Hospital, UK, for GBP 17 M, about SEK 184 M
Skanska has sold its investment in Walsall Manor Hospital near Birmingham, UK, to Barclays Infrastructure Funds Management Limited for around GBP 17 M, about SEK 184 M. The transaction will be recorded in the fourth quarter of 2012.
Skanska held a 50 percent equity share in the project company responsible for the financing, design, construction and operation of the hospital under a public private partnership scheme, which reached financial close in November 2007. Skanska’s equity partner is Innisfree, who holds the remaining 50 percent share in the project company.
Operations commenced in May 2011 and under a separate contract, Skanska is responsible for the hard facilities services at the hospital. The company will continue to deliver these services at Walsall Manor, today’s announcement purely relates to Skanska’s divestment of its equity interests in the project company
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.