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Skanska divestment of its ownership stake in the Elizabeth River Crossings in Virginia, USA, is completed[1]
12/30/2020 3:00 PM CET
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.
Press release
Skanska builds and replaces bridge in UK for GBP 52M, about SEK 580M [2]
12/23/2020 7:30 AM CET
Skanska has signed a contract with Network Rail for its replacement bridge project in the West Midlands region, UK. The contract is worth GBP 52M, about SEK 580M, and will be included in the order bookings for Europe in the fourth quarter of 2020.
Press release
Skanska divests majority interest in 2+U in Seattle, USA, for USD 669M, about SEK 5.5 billion[3]
12/22/2020 8:00 AM CET
Skanska divests a 95 percent interest in the 2+U office property in Seattle, Washington, USA, for approximately USD 669M, about SEK 5.5 billion, to South Korean financial group Hana Alternative Asset Management, alongside Hana Financial Group. The transaction will be recorded by Skanska USA Commercial Development in the fourth quarter 2020. Hana will immediately begin operations of the 2+U development.
Press release