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Skanska makes strategic expansion in the UK – acquires utilities networks company, McNicholas plc, for approximately GBP 50 M, SEK 670 M

Press release 12/8/2006 8:33 AM CET

Skanska is acquiring McNicholas plc, a UK company in the construction and servicing of power, gas and water utilities networks. The purchase price amounts to approximately GBP 50 M, about SEK 670 M, on a debt free basis. The company will be consolidated from December.