Swedes back out of construction company buy

Swedish firm Skanska is not to enter Slovak construction company Váhostav after all, said the vice president of Všeobecna úverová banka (VÚB) bank, Váhostav's largest creditor.

The company said last month that it was planning to invest in Slovakia through a recent acquisition, IPS Skanska, the largest construction firm in the Czech Republic.

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