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
New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed.
more »
On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy.
more »
2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday.
more »
Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment.
more »
The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday.
more »
The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas.
more »
Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January.
more »
Commission proposes a bank tax to cover the costs of winding down banks that go bust.
more »
The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery.
more »
European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals.
more »