Skanska is divesting its ownership in Elizabeth River Crossings in Virginia, USA, for USD 625M, about SEK 5.4 billion
ÖSTERSUND,
ERC was established by Skanska and
Completion of the sale is subject to regulatory approvals and other consents. The final purchase price may be adjusted as a result of certain conditions.
Skanska will announce the final amount and closing of the divestment in connection with the completion of regulatory approvals and other consents and the satisfaction of SPA conditions. It is anticipated that completion of the divestment will take place by the end of 2020, with MIP II's divesting its 50% managed equity stake in ERC also at such time.
For more information about Skanska's portfolio of public-private partnerships and this asset, including information about carrying amount see Note 20 B in the Annual and Sustainability Report 2019.
For further information please contact:
Direct line for media, tel +46 (0)10 448 88 99
This and previous releases can also be found at www.skanska.com.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
20201109 US Elizabeth River Crossings |
View original content:http://www.prnewswire.com/news-releases/skanska-is-divesting-its-ownership-in-elizabeth-river-crossings-in-virginia-usa-for-usd-625m-about-sek-5-4-billion-301168424.html
SOURCE Skanska
World Markets Rise Over US Election Outcome
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News