Skanska sells its 50-percent share in PPP highway Autopista Central with a gain after tax of approximately SEK 5 billion

Skanska is selling its 50-percent share in the company that owns the PPP highway concession Autopista Central in Santiago, the capital of Chile. The buyer is Alberta Investment Management Corporation (AIMCo), one of Canada's largest institutional management firms managing funds on behalf of the Province of Alberta, certain public pension and endowments.

The buyer is acquiring the Skanska-owned Swedish holding companies that own the 50-percent share in Autopista Central. The gain on sale after tax amounts to approximately SEK 5 billion and corresponds to a gain of SEK 12 per share in Skanska. The transaction will generate a positive net cash flow of approximately SEK 6 billion.

The deal is conditioned upon approval from the bond guarantor and necessary amendments to the financing agreements. It’s also conditioned upon receiving these approvals within nine months. The gain will be recognized when all conditions are achieved which is expected to occur in 2011, at the earliest in the second quarter.

“This deal gives a very good result for Skanska and our shareholders. The investment in Autopista Central is Skanska’s most successful ever,” says Johan Karlström, Skanska’s President and CEO.

Skanska Infrastructure Development is a leader in the global 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:
Pontus Winqvist, Senior Vice President, Investor Relations, Skanska AB, tel: +46 (0)10-448 88 51.
Peter Gimbe, Press Officer, Skanska AB, tel: +46 (0)10-448 88 38.
Direct line for media: +46 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 49,000 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 2009 totaled SEK 137 billion.