{"id":406577,"date":"2020-12-30T09:17:04","date_gmt":"2020-12-30T14:17:04","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=406577"},"modified":"2020-12-30T09:17:04","modified_gmt":"2020-12-30T14:17:04","slug":"skanska-divestment-of-its-ownership-stake-in-the-elizabeth-river-crossings-in-virginia-usa-is-completed","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/skanska-divestment-of-its-ownership-stake-in-the-elizabeth-river-crossings-in-virginia-usa-is-completed\/","title":{"rendered":"Skanska divestment of its ownership stake in the Elizabeth River Crossings in Virginia, USA, is completed"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\u00d6STERSUND, Sweden<\/span>, Dec. 30, 2020<\/span> \/PRNewswire\/ — As announced earlier, Skanska has signed a Sale and Purchase Agreement (SPA) for its 50 percent ownership stake in Elizabeth River Crossings HoldCo, LLC (“ERC”) in Hampton Roads<\/span> Metropolitan Area, Virginia, USA<\/span>.<\/b>\u00a0<\/b>The transaction has now closed, and payment is settled. The net amount after paid transaction costs and other items is about USD 620M<\/span>, about SEK 5.1 billion<\/span>, and will be recorded under Central stream in the\u00a0fourth\u00a0quarter of 2020.<\/b><\/p>\n

For more information about Skanska’s portfolio of public-private partnerships and this asset, including information about carrying amount\u00a0see Note 20 B<\/span> in the Annual and Sustainability Report 2019.<\/p>\n

\n CONTACT: <\/b>\n <\/p>\n

\n For further information please contact:<\/b>\n <\/p>\n

\n Pontus Winqvist<\/span>, Managing Director, Asset Management, Skanska AB, tel +46-10\u00a0448 88 51<\/p>\n

\n Jacob Birkeland<\/span>, Head of Media Relations & Public Affairs, Skanska AB, tel +46 (0)10 449 31 34<\/p>\n

Direct line for media, tel +46 (0)10 448 88 99<\/p>\n

\n This and previous releases can also be found at <\/i>
\n
\n www.skanska.com<\/i>
\n <\/a>.<\/p>\n

This information was brought to you by Cision http:\/\/news.cision.com<\/a><\/p>\n

\n https:\/\/news.cision.com\/skanska\/r\/skanska-divestment-of-its-ownership-stake-in-the-elizabeth-river-crossings-in-virginia–usa–is-comp,c3263002<\/a>\n <\/p>\n

The following files are available for download:<\/p>\n

\n\n\n
\n

\n
\n https:\/\/mb.cision.com\/Main\/95\/3263002\/1355181.pdf<\/a>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 20201230 US divestment Elizabeth River Crossings<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/skanska-divestment-of-its-ownership-stake-in-the-elizabeth-river-crossings-in-virginia-usa-is-completed-301199345.html<\/a><\/p>\n

SOURCE Skanska<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire \u00d6STERSUND, Sweden, Dec. 30, 2020 \/PRNewswire\/ — As announced earlier, Skanska has signed a Sale and Purchase Agreement (SPA) for its 50 percent ownership stake in Elizabeth River Crossings HoldCo, LLC (“ERC”) in Hampton Roads Metropolitan Area, Virginia, USA.\u00a0The transaction has now closed, and payment is settled. The net amount after paid transaction costs and other items is about USD 620M, about SEK 5.1 billion, and will be recorded under Central stream in the\u00a0fourth\u00a0quarter of 2020. For more information about Skanska’s portfolio of public-private partnerships and this asset, including information about carrying amount\u00a0see Note 20 B in the Annual and Sustainability Report 2019. CONTACT: For further information please contact: Pontus Winqvist, Managing Director, Asset Management, Skanska AB, tel … <\/p>\n

Continue reading “Skanska divestment of its ownership stake in the Elizabeth River Crossings in Virginia, USA, is completed”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-406577","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSkanska divestment of its ownership stake in the Elizabeth River Crossings in Virginia, USA, is completed - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/skanska-divestment-of-its-ownership-stake-in-the-elizabeth-river-crossings-in-virginia-usa-is-completed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Skanska divestment of its ownership stake in the Elizabeth River Crossings in Virginia, USA, is completed - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire \u00d6STERSUND, Sweden, Dec. 30, 2020 \/PRNewswire\/ — As announced earlier, Skanska has signed a Sale and Purchase Agreement (SPA) for its 50 percent ownership stake in Elizabeth River Crossings HoldCo, LLC (“ERC”) in Hampton Roads Metropolitan Area, Virginia, USA.\u00a0The transaction has now closed, and payment is settled. The net amount after paid transaction costs and other items is about USD 620M, about SEK 5.1 billion, and will be recorded under Central stream in the\u00a0fourth\u00a0quarter of 2020. For more information about Skanska’s portfolio of public-private partnerships and this asset, including information about carrying amount\u00a0see Note 20 B in the Annual and Sustainability Report 2019. 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