STOCKHOLM, Sweden, Feb. 4, 2002 (PRIMEZONE) -- As of today, Skanska has sold its entire holding in Pandox of 1,500,000 shares. The holding represents 6 percent of the share capital and votes. The price amounts to approximately SEK 125 M and the sale yields a capital gain of approximately SEK 45 M.
Pandox's operations began in 1995 when Skanska and Securum combined hotel properties into a jointly owned company. Pandox was listed on the Stockholm Exchange in June 1997. In conjunction with the listing each of the owners, Securum AB and Skanska AB, sold its entire holding and most of its holding, respectively.
The sale of Pandox shares is the final step in a well-implemented project development.
This and previous releases can also be found at www.skanska.com
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