Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Macquarie Group Ltd    MQG   AU000000MQG1

News SummaryMost relevantAll newsSector newsTweets 

Skanska To Announce Financial Close On First US PPP Project

share with twitter share with LinkedIn share with facebook
share via e-mail
04/13/2012 | 12:22pm CEST

Swedish construction company Skanska AB (SKA-B.SK) is close to announcing an agreement on the financial terms for a major infrastructure project in Virginia, which entails a construction contract worth about $660 million for the company, executive vice president for infrastructure development Karl Reichelt said in an interview.

The project, part of a joint venture with Macquarie Group Ltd. (>> Macquarie Group Limited), includes the construction of a new Midtown Tunnel, rehabilitation of existing tunnels, and extension of the Martin Luther King Freeway in Virginia. Skanska has 45% of the $1.5 billion construction assignment.

The total project value is about $2.05 billion, and Skanska will make a $140 million equity investment in the project, which is the construction firm's first public-private partnership in the U.S.

"This has been highly anticipated and it is extremely important for Skanska because it is helping to fulfil our growth plans in a key market for the company," Reichelt told Dow Jones Newswires.

The five- to six-year construction contract, which will be awarded to Skanska's civil construction unit, is likely to have a margin in the lower double digits--higher than the 9.2% margin posted by the unit in 2011.

"When you're accepting the responsibility of a guaranteed on-time, on-budget delivery, and taking all the significant construction risk, you would expect the margin to be more robust than for a traditional project," Reichelt said.

He added that the internal rate of return for the project is "comfortably" within the 11% to 14% range targeted by the company for infrastructure development.

-By Niclas Rolander, Dow Jones Newswires; +46-8-5451-3102; [email protected]

Stocks mentioned in the article : Macquarie Group Limited
share with twitter share with LinkedIn share with facebook
share via e-mail
05/25 MACQUARIE : EU OKs GIB offshore sale
05/22 MACQUARIE INVESTMENT MANAGEMENT : Adds to Insurance Distribution Efforts
05/22 MACQUARIE : agrees enforceable undertaking with ASIC regarding wholesale spot FX
05/22 MACQUARIE : Lending supports Westminster office acquisition content
05/19 MACQUARIE : Lending supports Westminster office acquisition
05/19 MACQUARIE : agrees enforceable undertaking with ASIC regarding wholesale spot FX
05/18 MACQUARIE INFRASTRUCTURE : and Real Assets to invest in Compania Logistica de Hi..
05/17 MACQUARIE : Infrastructure and Real Assets to invest in Compania Logistica de Hi..
05/16 MACQUARIE GROUP LTD : ex-dividend day for final dividend
05/15 MACQUARIE : Universal Insurance Holdings, Inc. Stake Held by Macquarie Group Ltd..
More news
Sector news : Diversified Investment Services
05/26DJCITIC : Says It Plans to Spin Off Unit Citic Press on Shenzhen Stock Exchange's ..
05/18 South Africa's Investec to expand into life insurance
05/08 European stocks dip after Macron relief rally, CAC briefly hits highest since..
04/20 French stocks, euro gain, bond spreads tighten as election nears
04/04 FTSE leads European peers as energy and industrials stocks gain
More sector news : Diversified Investment Services
News from SeekingAlpha
05/05 Macquarie Group's (MCQEF) CEO Nicholas William Moore on Q1 2017 Results - Ear..
05/05 Macquarie Group reports FY results
02/08 Macquarie Group's (MCQEF) on Operational Briefing Broker Conference (Transcri..
2016 Glencore set to hit debt goal with sale of Aussie coal haulage ops
2016 RESOURCE SECTOR DIGEST : Pardon Our French!
Financials ( AUD)
Sales 2018 10 412 M
EBIT 2018 3 276 M
Net income 2018 2 315 M
Debt 2018 -
Yield 2018 5,41%
P/E ratio 2018 13,42
P/E ratio 2019 12,75
Capi. / Sales 2018 2,90x
Capi. / Sales 2019 2,80x
Capitalization 30 223 M
More Financials
Duration : Period :
Macquarie Group Ltd Technical Analysis Chart | MQG | AU000000MQG1 | 4-Traders
Full-screen chart
Technical analysis trends MACQUARIE GROUP LTD
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 95,0  AUD
Spread / Average Target 7,0%
Consensus details
EPS Revisions
More Estimates Revisions
Nicholas William Moore Chief Executive Officer, MD & Executive Director
Peter H. Warne Independent Chairman
Nicole Sorbara COO & Head-Operations Group
Patrick Upfold CFO & Head-Financial Management Group
Justin Raoul Moffitt Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CITIC LTD10.27%45 384
NATIXIS20.80%22 758
INVESTEC PLC17.07%8 056
ROTHSCHILD & CO.8.95%2 426
More Results