Sale of Pandox finalized
In connection with the sale of shares in Pandox Hotellfastigheter AB by Skanska and Securum, Alfred Berg – lead issue bank for the offering – exercised all of its over-allotment option and thereby purchased an additional 500,000 shares from Skanska and 500,000 shares from Securum, totally 1 million shares.
SALE OF PANDOX FINALIZED
In connection with the sale of shares in Pandox Hotellfastigheter AB by Skanska and Securum, Alfred Berg – lead issue bank for the offering – exercised all of its over-allotment option and thereby purchased an additional 500,000 shares from Skanska and 500,000 shares from Securum, totally 1 million shares.Following this transaction, the sale of Pandox amounted to 9 million shares in all, equivalent to 90 percent of the total number of shares and votes in Pandox.
After completing the sale of shares in Pandox, Skanska owns 1 million shares, equivalent to 10 percent of the total number of shares and votes. All shares that were owned by Securum have been sold.
Pandox is Sweden’s first listed company specializing in hotel properties. Pandox owns 16 hotel properties in Sweden with a total book value of SEK 1,355 M and total rental revenues of SEK 136 M, based on pro forma calculations for 1996.
Danderyd, July 14, 1997
SKANSKA AB
Group Public Affairs
For further information, please contact:
Mats Mared, Executive Vice President, Real Estate, Skanska AB, tel +46 8 753 88 00
This and previous releases are also available on http://www.skanska.se