Skanska demonstrates commitment to Poland with zl.400 million investment

Swedish construction giant Skanska plans to invest zl.400 million in the res tructuring of its Polish unit, Exbud Skanska, with the bulk of the funds to be assigned to purchasing shares in Exbud Skanska's construction affiliates. Prawo i Gospodarka reports that half of the Skanska investment was transferr ed to the company last week. "Our owner, Skanska, is in this way confirming its belief in the Polish market. It is interested in being in Poland and wan ts to continue investing here," commented Exbud Skanska president Jan-Gunnar Glave. Skanska also plans to buy its Polish subsidiary's bonds. To date, Exb ud Skanska has issued two series of bonds with a combined nominal value of z l.100 million. The funds will be used to lower the company's debt servicing costs. (Prawo i Gospodarka, p. 3) P.W.