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Skanska expands in Russia

3/19/1998 12:00 AM CET
Press release

Skanska’s Finnish subsidiary Skanska Oy is acquiring 45 percent of the shares in the Finnish civil engineering company Honkavaaran Maastorakennus Oy. The purchase agreement includes an option to acquire the remainder of the shares outstanding.

PRESS RELEASE, March 19, 1998                            20/98

SKANSKA EXPANDS IN RUSSIA

Skanska’s Finnish subsidiary Skanska Oy is acquiring 45 percent of the shares in the Finnish civil engineering company Honkavaaran Maastorakennus Oy. The purchase agreement includes an option to acquire the remainder of the shares outstanding.

Honkavaaran Maastorakennus Oy, which is active mainly in the St. Petersburg area, reported sales in 1997 of about FIM 55 million, or approximately SEK 80 million.

 

Danderyd, Sweden
March 19, 1998

SKANSKA AB
Group Corporate Communications

 


For further information, contact:Martti Rautee, Vice President, Skanska Oy, international operations.
Tel: +358 9 61 52 22 03.
Ahti Soronen, President, Honkavaaran Maastorakennus Oy. Tel: +358 8 55 44 539.