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 (USD$153 million). 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.
Skanska will announce the final amount and confirm the expected closing of the divestment in connection to the completion and payment of the transaction.
Skanska Infrastructure Development business unit invests in, develops and operates roads, hospitals, schools, airports and other social infrastructure in partnership with the public sector.
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