Agreement concerning the sale of Skanska's forest operations signed
6/24/1998 12:00 AM CET
Press release
A final agreement has now been signed covering the previously announced sale of Skanska's entire forest assets, including related operations, to Förvaltnings AB Wasatornet and other companies. Completion will take place on July 1, 1998.
PRESS RELEASE, JUNE 24, 1998 47/98Agreement concerning the sale of Skanska's forest operations signed
A final agreement has now been signed covering the previously announced sale of Skanska's entire forest assets, including related operations, to Förvaltnings AB Wasatornet and other companies. Completion will take place on July 1, 1998.
The sale is estimated to generate a pretax capital gain of approximately SEK 1.1 billion for the Skanska Group and is part of Skanska's strategy to concentrate resources on the Group's core business of construction-related services and development of projects and real estate.
Danderyd, June 24, 1998
SKANSKA AB
Corporate Communications
For further information, contact: Cecilia Schön, Senior Vice President, Skanska AB, Tel +46 8 753 87 99
Staffan Schéle, corporate finance, Skanska AB, Tel +46 8 753 82 72
Gustaf Douglas Tel +46 8 679 56 00