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Tue June 22 2021

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Skanska faces Brazilian lawsuit

18 Apr 16 The federal government in Brazil has brought a civil lawsuit against seven companies - including Skanska Brasil – and seven individuals unrelated to Skanska.

The authorities in Brazil had involved Skanska Brasil in investigations relating to Petrobras and Skanska has now been notified that the government has brought the civil lawsuit.

According to the lawsuit, a joint venture partner of Skanska Brasil has colluded with Petrobras directors and Skanska Brasil is notified of having participated in, or benefited from, such acts.

The lawsuit is for damages and penalties on a joint and several liability basis amongst the 14 defendants. Skanska said that at this stage it is not possible to determine if Skanska Brasil is liable and if found liable it is not possible to determine the amount of damages and penalties.

The federal government has filed a request that the lawsuit remains confidential.

In July 2014, Skanska announced that it would wind down its operations in Latin America to exit the market. As of 3 March this year, Skanska has no remaining operations in Latin America.

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