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.
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.