Nordic Business Report-September 25, 2006-Skanska sells 33% holding in UK hospital project
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The Swedish construction group Skanska said on Friday (22 September) that it has agreed to sell its 33% stake in the United Kingdom Public Private Partnership project New Clinical Building at Kings College Hospital in London to Infrastructure Investors.
The sales price is SEK96m, which will result in a capital gain of SEK64m.
"Our strategy is to build long term partnerships. This particular project was developed in the very early days of the UK PFI and we are proud to have played a key part in this project. Following completion of the development phase we are now focusing on strategic partnerships developed over the last few years and this sale aligns with that objective," said Simon Hipperson, President of Skanska Infrastructure Development.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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