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| Skanska to divest Swedish modular building companies Skanska and 3i have signed a binding agreement covering the sale of Skanska Modul AB, including the subsidiaries Temporent AB and Flexator AB, which produces, rents out and sells modular buildings. Skanska Modul AB was deconsolidated as of September 30, 2005. The transfer is expected to be carried out at year-end. The cash flow from the sale will be reported in the fourth quarter of 2005. Skanska Modul AB is one the Swedish specialty companies that Skanska has decided to divest. The sale is a step in Skanska' strategic focus on core operations - building and civil construction as well as development of commercial premises, residential buildings and public-private partnership projects. write your comments about the article :: © 2005 Construction News :: home page |