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Skanska has made an offer to acquire a controlling interest in IPS, the largest Czech construction group

Press release 6/27/2000 4:45 PM CET

Skanska has in a block trade auction made an offer for 56.3 percent of the shares in IPS Praha a.s., the largest Czech construction group. It is expected that the outcome of the auction will be announced shortly. Assuming that Skanska´s offer is accepted, and following the completion of the transaction, a further announcement will be made.

Press Release  

June 27, 2000   Skanska has made an offer to acquire a controlling interest in IPS, the largest Czech construction group   Skanska has in a block trade auction made an offer for 56.3 percent of the shares in IPS Praha a.s., the largest Czech construction group. It is expected that the outcome of the auction will be announced shortly. Assuming that Skanska´s offer is accepted, and following the completion of the transaction, a further announcement will be made. ________________________________________________ For further information please contact: Anders C. Karlsson, President, Skanska Europa AB, Tel +46 40 144 243Eero Makkonen, President, Skanska Oy, Tel +358 9 61 52 22 00Esko Tulikoura, Senior Vice President, Skanska Oy, Tel +358 9 6152 22 02Peter Wallin, Head of Investor Relations, Skanska AB, Tel +46 8 753 88 86