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Market Impact: 0.25
Skanska to build and renovate academic buildings in Fredericksburg, USA, for USD 163M, about SEK 1.5 billion
Source: PR Newswire
Infrastructure & DefenseCompany Fundamentals
Skanska signed a USD 163 million (approximately SEK 1.5 billion) contract with the University of Mary Washington to construct a new theatre and renovate fine arts buildings in Fredericksburg, Virginia. The contract adds to Skanska's U.S. construction backlog and is modestly positive for the company, though unlikely to have broad sector-level market impact.
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