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 .
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20201230 US divestment Elizabeth River Crossings |
SOURCE Skanska