We have advised Skanska Group on its divestment of its Finnish asphalt operations to Asfalttikallio Oy. Skanska Group has signed an agreement with Asfalttikallio regarding the sale of all shares in Skanska Group's wholly owned subsidiary Skanska Industrial Solutions Oy. Skanska Industrial Solutions is a market leader in the asphalt and road marking business in Finland. It has 88 employees and annual sales of around €50m. In its new home with Asfalttikallio, Skanska Industrial Solutions can, together with its professionals, be developed and strengthened even further. Skanska Group is a Stockholm Stock Exchange listed construction and project development company with annual sales of around €15bn.
Transaction
Clearwater advises Skanska Group on the sale of its Finnish asphalt operations to Asfalttikallio
Transaction
Skanska Group sold its Finnish asphalt operations to Asfalttikallio
Sell-side
Undisclosed
Role
Adviser to Skanska Group on the sale of its Finnish asphalt operations to Asfalttikallio
Sector
Industrial & Chemicals
Region
Finland
The sale of Skanska Industrial Solutions is the third corporate divesture Clearwater has advised this year. We are thankful for the responsibility what was given to us by Skanska, and of course happy that SIS got an owner that will enable its business and professionals to shine and develop
Advisers
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