Skanska’s divestment of its investment in the M25 motorway in London, UK, may be recorded during 2016
As announced earlier, Skanska has signed a Sale and Purchase Agreement (SPA) for its investment in the M25 motorway in London, UK. The process relating to the completion of the transaction have developed positively, which means that the divestment may be recorded by Skanska Infrastructure Development during the fourth quarter 2016. The transaction was previously expected to be recorded in the first quarter of 2017.
Final determination regarding when the transaction will be recorded is dependent on when the remaining conditions are in place. The terms of the deal are otherwise unchanged.
Skanska will announce the final amount and confirm the expected closing of the divestment in connection to the completion and payment of the transaction.
The previous stock exchange announcement about the divestment was published October 6, 2016.
Skanska Infrastructure Development is a leader in the global Public Private Partnerships (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.