Skanska contract cancelled for facility in USA, worth USD 800 M, about SEK 6.7 billion

Press release 6/5/2015 8:30 AM EST

Skanska and its joint venture partner were not able to come to an agreement with the client during negotiations for the revised scope of work. Accordingly, the client has elected to terminate the contract for its own convenience.

As a result, Skanska USA Building will reduce the order bookings for a total of about USD 800 M, about SEK 6.7 billion, in the second quarter 2015.