Skanska sells construction operations in Latvia
Published:
16 August 2003 y., Saturday
Skanska has sold its construction operations in Latvia. The sale of Skanska Konstrukcija SIA is a step in Skanska's efforts to focus on selected home markets.
The sale will have a minor positive impact on Skanska's income. The buyer is Panevezio Keliai AB, a Lithuanian construction company. The business will continue under the new name Constructus SIA.
Skanska's construction operations in Lithuania were sold to Panevezio Keliai AB in July this year and during spring the construction business in Hungary has been closed down.
The divestment comes after the strategic review of the Group that was conducted in autumn 2002 and announced in January, in which Skanska intends to focus on achieving a leading position in selected home markets.
In 2002 Skanska Konstrukcija SIA posted sales of EUR 2.3 M. The company, which reported to the business unit Skanska Oy, has 29 employees.
Šaltinis:
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A specific EU budget line for the new EU stabilisation mechanism should be created as soon as possible, to ensure its credibility, Council, Commission and Parliament negotiators agreed at a three-way meeting on Wednesday.
more »
New EU rule will help phone-users avoid astronomical bills for web-surfing and downloads abroad.
more »
The Communication approved today by the Commission builds on the principles presented on 12 May to reinforce the economic governance in the European Union.
more »
Eurostat report just published shows that the crisis has brought some lower taxes.
more »
New legislation is needed to ensure fair returns to farmers and transparent prices to consumers, by enforcing fair competition throughout the food supply chain, said Agriculture Committee MEPs on Monday.
more »
Fish imports play a crucial role in supplying the European market, yet fisheries and aquaculture are strategic sectors that do not lend themselves to a purely free-trade approach, believes the EP Fisheries Committee.
more »
I will support every proposal that strengthens cooperation among the European Union's Member States and serves Lithuania's interests," President of the Republic of Lithuania Dalia Grybauskaitė said at the meeting with EU Member States' ambassadors resident in Lithuania.
more »
The fourth World Lithuanian Economic Forum “High tech innovation & investment: local to global” will start in London on 22 June.
more »
Lithuania aims for the five Nordic countries and three Baltic States to become single community of values, which would be linked by a versatile quality of democracy, security and everyday life.
more »
MEPs decided on Wednesday to create a special committee to prepare for the EU's next long-term budgetary framework.
more »