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| Skanska sells its share in PPP highway Autopista Central Swedish construction giant Skanska is selling its 50-percent share in the company that owns the PPP highway concession Autopista Central in Santiago, the capital of Chile. The buyer is Alberta Investment Management Corporation (AIMCo), one of Canada's largest institutional management firms managing funds on behalf of the Province of Alberta, certain public pension and endowments. The buyer is acquiring the Skanska-owned Swedish holding companies that own the 50-percent share in Autopista Central. The gain on sale after tax amounts to approximately SEK 5 billion and corresponds to a gain of SEK 12 per share in Skanska. The transaction will generate a positive net cash flow of approximately SEK 6 billion. write your comments about the article :: © 2011 Construction News :: home page |