Skanska sells holding in UK PPP project for GBP 3.8 million, SEK 52 million

7/18/2006 8:34 AM CET
Press release

Skanska is selling its nine-percent holding in the UK Public Private Partnership (PPP) project HMS Bridgend Prison Parc in Wales. The selling price is GBP 3.8 million, SEK 52 million, and the capital gain amounts to GBP 2.65 million, SEK 36 million, which will be included in earnings for the second quarter. The selling price exceeds the market value assessed by Skanska at year-end 2005 by 15 percent. The buyer is the investment fund Innisfree, who is already a considerable owner.