Swedish construction and property company Skanska said on Wednesday that it is divesting its remaining 12% shareholding in the Maputo harbour project in Mozambique to South African company Grindrod for SEK 105 mln (just over EUR 11 mln). Skanska Infrastructure Development developed the harbour as a Public Private Partnership jointly with other international investors and the government of Mozambique.
Swedish construction and property company Skanska said on Wednesday that it is divesting its remaining 12% shareholding in the Maputo harbour project in Mozambique to South African company Grindrod for SEK 105 mln (just over EUR 11 mln). Skanska Infrastructure Development developed the harbour as a Public Private Partnership jointly with other international investors and the government of Mozambique.
The harbour has developed successfully and sales have more than doubled during the past four years. In addition to investing in the harbour company, Skanska was also responsible for construction management, to guarantee the right quality and price for the reconstruction. 'Maputo is of strategic interest, since it is the closest shipping harbour for South African industries around Johannesburg and Pretoria,' Skanska said in a statement.
