Skanska’s divestment of its ownership stake in the LaGuardia Terminal B in New York, USA, is completed

As announced earlier, on 6 December 2023 Skanska signed Sale and Purchase Agreements for its 32 percent ownership stake in LaGuardia Gateway Partners LLC New York, USA. All required governmental approvals were obtained end of December and closing has now been achieved. The transactions will be recorded under Central stream in the fourth quarter of 2023. The sales price has been adjusted with distributions received since the contracts were signed. Net sales proceeds after paid transaction costs and other items is USD 112M, about SEK 1.2 billion. Settlement of the sales price was made in two almost equal installments, one in December 2023 and the second in January 2024.

For further information please contact:

Magnus Eriksson, Managing Director Asset Management, tel +01 703 629 06 68

Jacob Birkeland, Head of Media Relations and Public Affairs, tel +46 76 899 7269

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.                 

Skanska Group uses knowledge & foresight to shape the way people live, work, and connect. Over 135 years in the making, we’re one of the world’s largest project development and construction companies, with 2021 revenue totaling SEK 148 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 30,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.