Skanska completes Argentinean exit

By Chris Sleight22 July 2015

Johan Karlström, president and CEO of Skanska

Johan Karlström, president and CEO of Skanska

Skanska has agreed to sell its Argentinean Operations & Maintenance operations to Perez Companc Family Group for US$ 75 million. The transaction is the final step in the company’s previously announced strategy to exit the Argentinean market.

According to Skanska, the businesses being sold generated revenues of some US$ 350 million in 2014.

The buyer, Perez Companc Family Group, is a diversified Argentinean company controlled by Gregorio Perez Companc, who is thought to be the richest person in Argentina. The company has a presence in several South American countries.

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