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Skanska sells the Kymmen hydroelectric power station

10/30/1998 12:00 AM CET
Press release

Skanska will sell the Kymmen hydroelectric power station to Gullspång Kraft AB. Completion will take place on November 1, 1998. The sale will result in a capital loss of around SEK 55 million, which will be included in Skanska's result for the period January - September 1998. Skanska built the power station and Gullspång has operated it since production commenced in 1987. Kymmen is located in the county of Värmland and has a capacity of 57 megawatts.

PRESS RELEASE, OCTOBER 30, 1998                      84/98

Skanska sells the Kymmen hydroelectric power station

Skanska will sell the Kymmen hydroelectric power station to Gullspång Kraft AB. Completion will take place on November 1, 1998. The sale will result in a capital loss of around SEK 55 million, which will be included in Skanska's result for the period January - September 1998. Skanska built the power station and Gullspång has operated it since production commenced in 1987. Kymmen is located in the county of Värmland and has a capacity of 57 megawatts.

 

Danderyd, October 30, 1998

SKANSKA AB
Corporate Communications

 


For further information, contact:
Matias Kling, Managing Director, Gullspång Produktion AB, Tel +46 19 - 218100
Staffan Schéle, Corporate Finance, Skanska AB, Tel +46 8 - 753 88 00