5/18/2000 1:48 PM CET
Skanska has today announced a second tender offer for all outstanding shares in Exbud S.A. (“Exbud”), the leading contractor in Poland, at a price of zl 40 per share. The tender subscription period will run from 25th May to 26th June.
May 18, 2000
Skanska launches second tender for Exbud, the leading Polish construction company
Skanska has today announced a second tender offer for all outstanding shares in Exbud S.A. ("Exbud"), the leading contractor in Poland, at a price of zl 40 per share. The tender subscription period will run from 25th May to 26th June.
Polish regulations require a second tender to be launched if a shareholder acquires more than 50 percent of a listed company. Skanska currently holds 75 percent of the issued share capital of Exbud after acquiring 9.99 percent by way of a block trade and a further 65 percent during the first tender offer.
Commenting on the second tender, Mr. Anders C. Karlsson, President of Skanska Europe, said:
"We are pleased to fulfil our regulatory obligations by launching a second tender for Exbud. We have aimed to treat the minority shareholders fairly and equally. We look forward to supporting the Exbud management in the further development of the company."
For further information please contact:
Peter Wallin, Head of Investor Relations, Skanska AB, Tel 46 709 53 88 86
Staffan Schéle, Head of Corporate Finance, Skanska AB, Tel +46 8 753 88 00
Flemings (financial adviser)
William Wells, Director, tel +44 20 7382 8246, or +44 7785 705388 |
Michael Harvey, President, tel +48 22 653 9381, or +48 601 620543|
Martin Balawajder, Director, tel +48 22 653 9305, or +48 601 243656|
This and previous releases can also be found at www.skanska.com