Skanska has sold 50 percent of its stake in the PPP (Private Public
Partnership) highway Autopistas de Antofagasta in Chile. Skanska
received a total sales price corresponding to about SEK 275 M resulting
in a gain of about SEK 50 M. Income from the divestment is included in
the third quarter.
Skanska will remain owner of the remaining 50 percent of the shares in
the project company. The sell-down leads to accounting reclassification
and the project company will be treated as an associated company, which
is similar to all other projects in the Skanska PPP-portfolio. This will
lead to deconsolidation of about SEK 340 M in assets and
interest-bearing debt that the project company has borrowed to finance
the highway construction.
The road runs through the Chilean mining district. The concession to
design, construct, operate and maintain the toll road was won by Skanska
in 2010 and it is estimated to be open to traffic by December 2012. The
buyer is Inversiones Infraestructura Dos S.A., a Chilean company owned
by two investment funds managed by Las Américas, an investment funds
manager with over 15 years of experience investing and developing
infrastructure projects in Latin America. Las Américas belongs to the
Chilean group PENTA.
Skanska Infrastructure Development is a leader in the global Public
Private Partnerships (PPP) market. The business unit invests in,
develops and operates roads, hospitals, schools, power plants and other
social infrastructure in partnership with the public sector.
For further information, please contact:
Karl Reichelt, Executive Vice President, Skanska ID Americas, tel: +1
703 340 1200
Pontus Winqvist, Senior Vice President Investor Relations, Skanska AB,
tel +46 10 448 88 51
Edvard Lind, Group Press Officer, Skanska AB, Tel: +46 (0)10 448 88 08
Direct line for media: +46 10 448 88 99
This and previous releases can also be found at
Skanska AB may be required to disclose the information provided herein
pursuant to the Securities Markets Act.
Skanska is one of the world's leading project development and
construction groups with expertise in construction, development of
commercial and residential projects and public-private partnerships.
Based on its global green experience, Skanska aims to be the clients'
first choice for Green solutions. The Group currently has 52,000
employees in selected home markets in Europe, in the US and Latin
America. Headquartered in Stockholm, Sweden and listed on the Stockholm
Stock Exchange, Skanska's sales in 2010 totalled SEK 122 billion.