Skanska Divests Ownership Of I-4 Ultimate

(RTTNews) - Skanska AB (SKAb.ST) has signed a binding sale and purchase agreement for the sale of its entire 50 percent ownership of I-4 Mobility Partners HoldCo for approximately $75 million. The buyer is the existing partner, John Laing I-4 Holdco.

I-4 Mobility Partners is responsible for the investment, development and operation of the interstate highway known as I-4 Ultimate in Orlando, Florida, USA, part of a public-private partnership with the Florida Department of Transportation. I-4 Ultimate is the first infrastructure project in Florida.

At last close, Skanska shares were trading at 243.30 Swedish kronor, down 3.68%.