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Thu May 30 2024

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Skanska signs deal for Norwegian PPP school

24 Sep 12 Skanska subsidiary Søreide School has signed an agreement with Bergen municipality for the development, financing, construction and maintenance of a new school in Søreide, Norway.

The shares in the holding company are being sold for NOK214m (£23m) to Oslo Pensjonsforsikring.

The project is described as a ‘bundled construction’, through which Skanska has used the group’s financial strength to create new business opportunities. The concept has been applied earlier in the development and construction of premises for various public authorities.

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