Skanska sells holding in UK PPP project for SEK 96 Million
Skanska is selling its 33 percent holding in the UK Public Private Partnership (PPP) project New Clinical Building at Kings College Hospital in Camberwell, South London. The sales price is corresponding to SEK 96 Million, and the capital gain amounts to SEK 64 Million, which will be included in earnings for the third quarter. The sales price exceeds the market value assessed by Skanska at year-end 2005 by 40 percent. The buyer is Infrastructure Investors, a British infrastructure fund.