SKBSY - Skanska divestment of its ownership stake in the Elizabeth River Crossings in Virginia USA is completed

PR Newswire

ÖSTERSUND, Sweden , Dec. 30, 2020 /PRNewswire/ -- As announced earlier, Skanska has signed a Sale and Purchase Agreement (SPA) for its 50 percent ownership stake in Elizabeth River Crossings HoldCo, LLC ("ERC") in Hampton Roads Metropolitan Area, Virginia, USA . The transaction has now closed, and payment is settled. The net amount after paid transaction costs and other items is about USD 620M , about SEK 5.1 billion , and will be recorded under Central stream in the fourth quarter of 2020.

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.

CONTACT:

For further information please contact:

Pontus Winqvist , Managing Director, Asset Management, Skanska AB, tel +46-10 448 88 51

Jacob Birkeland , Head of Media Relations & Public Affairs, Skanska AB, tel +46 (0)10 449 31 34

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

https://news.cision.com/skanska/r/skanska-divestment-of-its-ownership-stake-in-the-elizabeth-river-crossings-in-virginia--usa--is-comp,c3263002

The following files are available for download:

SOURCE Skanska