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| Skanska divests its investment in the A1 motorway in Poland Skanska has signed a Sale and Purchase Agreement (SPA) for the A1 motorway in Poland for SEK 1.4 billion. The buyer is a company jointly owned by DIF Infrastructure IV and Swiss Life Funds (Lux) Global Infrastructure Opportunities II. The transaction is expected to be recorded by Skanska Infrastructure Development in the fourth quarter of 2016. Skanska is divesting its 30 percent ownership in the Gdansk Transport Company, who is managing the A1 motorway that connects the Polish cities of Gdánsk and Torum (152 km). In addition to Skanska, the Gdánsk Transport Company shareholders include John Laing Infrastructure, NDI Autostrada and Intertoll Infrastructure Developments. Completion of the sale is subject to, among other, consent of the Ministry of Infrastructure representing the State Treasury of the Republic of Poland. The final purchase price may be adjusted as a result of certain conditions. It is anticipated that completion of the divestment will take place late 2016. write your comments about the article :: © 2016 Construction News :: home page |