Skanska Divests Ownership Of I-4 Ultimate

Skanska signed a binding sale and purchase agreement to sell its entire 50% stake in I-4 Mobility Partners HoldCo for approximately $75 million to existing partner John Laing I-4 Holdco. The disposal will generate roughly $75m of proceeds and remove Skanska's remaining exposure to the I-4 project; the transaction is straightforward and likely to have only a modest impact on Skanska's balance sheet and earnings.

Analysis

Skanska signed a binding sale and purchase agreement to sell its entire 50% stake in I-4 Mobility Partners HoldCo for approximately $75 million to existing partner John Laing I-4 Holdco. The disposal will generate roughly $75m of proceeds and remove Skanska's remaining exposure to the I-4 project; the transaction is straightforward and likely to have only a modest impact on Skanska's balance sheet and earnings.