Skanska exploring a possible divestment of its holding in Skanska Cementation India

Skanska exploring a possible divestment of its holding in Skanska Cementation India Skanska is exploring a possible divestment of its 80.4 percent share holding in Skanska Cementation India Ltd. The process is at a preliminary stage and no definitive decision has been made in this regard. The possible sale would be part of Skanska's strategy of achieving a leading position in selected geographical core markets. Skanska Cementation India Ltd is publicly listed in India and is primarily a civil contractor. In 2003 it had net sales corresponding to approximately SEK 1 billion, with an operating profit of SEK 15 M. In Skanska´s consolidated accounts, the book value of the capital employed relating to the holding in Skanska Cementation India Ltd is approximately SEK 200 M, including goodwill of about SEK 110 M arising from the acquisition in 2000 of Kvaerner Construction, which Cementation India was part of. The extent to which the price in a potential transaction would cover the book value of the capital employed remains to be determined. For further information please contact: Peter Gimbe, SVP Communications, Skanska AB, tel +46 8 753 88 38 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/07/16/20040716BIT20430/wkr0010.pdf PDF