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Mon April 12 2021

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Skanska exits Argentina with sale of final operations

22 Jul 15 Skanska has sold the operations and maintenance part of its Argentinian business for about US$75m (£48m).

After the close of the transaction Skanska will have no remaining operations in Argentina.

The price is subject to adjustments at closing of the transaction, which is expected to take place at the end of this month. The buyer is Perez Companc Family Group, an Argentinian group active in Latin America.

The operations generated revenues of about US$350m during 2014.

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