Search

Skanska signs agreement concerning the sale of Nybron

Press release 6/9/2000 4:10 PM CET

Skanska has signed a binding agreement with the private equity group Nordic Capital and the Swiss industrial group HIAG Holding AG concerning the sale of Nybron, including Kähr´s and Skanska’s other wood flooring businesses. The sale is subject to regulatory approvals.
The sale of Nybron will result in a capital gain in Skanska of around SEK 225 M and is a step in Skanska´s increasing focus on its core business in construction related services and project development.

Press Release

 

June 9, 2000   Skanska signs agreement concerning the sale of Nybron   Skanska has signed a binding agreement with the private equity group Nordic Capital and the Swiss industrial group HIAG Holding AG concerning the sale of Nybron, including Kähr´s and Skanska’s other wood flooring businesses. The sale is subject to regulatory approvals. Nybron will be part of a newly formed group with strong positions in all segments of the European wood flooring market, including also the Swiss parquet floor manufacturer Bauwerk. In 1999, Nybron had net sales of SEK 2,721 M and an operating profit of SEK 288 M. The sale of Nybron will result in a capital gain in Skanska of around SEK 225 M and is a step in Skanska´s increasing focus on its core business in construction related services and project development. ______________________________________________________________ For further information please contact: Anders C. Karlsson, Head of business area Skanska Europe, Tel+46 40 14 42 43 Peter Wallin, Head of Investor Relations, Skanska AB, Tel +46 8 753 88 86