Skanska divests ownership of I-4 Ultimate in Orlando, Florida, USA, for approximately USD 75M, about SEK 690M [Yahoo! Finance]
SKANSKA AB S/ADR (SKBSY)
NASDAQ:AMEX Investor Relations:
group.skanska.com/investors
Company Research
Source: Yahoo! Finance
of I-4 Mobility Partners HoldCo LLC, for approximately USD 75M, about SEK 690M. The buyer is the existing partner, John Laing I-4 Holdco Corp. The transaction has closed, including requisite governmental and lender approvals, and it will be recorded under the Central stream for the second quarter of 2026. I-4 Mobility Partners is responsible for the investment, development and operation of the interstate highway known as I-4 Ultimate in Orlando, Florida, USA, part of a public-private partnership with the Florida Department of Transportation (FDOT). The Skanska subordinated debt of USD 43M, about SEK 390M, was repaid in 2023 following substantial completion. The I-4 Ultimate project engineering and construction was performed through a joint venture led by Skanska and achieved substantial completion in February 2022. It involved the rebuild and widening of an approximately 34 kilometres (21 miles) stretch of I-4 through Orlando, adding four tolled express lanes, several sections of
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