| Royal
BAM NBM completes takeover of HBG |
 |
November 14, 2002
As reported by Hollandsche Beton Groep nv
Royal BAM NBM has completed the acquisition of HBG's
share capital from Grupo Dragados, bringing Royal
BAM Group into existence. Royal BAM Group occupies
a strong position in the West-European construction
industry, with an order book worth €10.8 billion
($12.1 bilion) as at 30 June 2002.
In the 2001 financial year, Royal BAM Group achieved
a pro forma turnover of €8.5 billion, an
operating result before amortisation of goodwill
of €171 million ($191 milion) and a net profit
on ordinary activities before amortisation of
goodwill of €105 million ($118 milion). Royal
BAM Group has a workforce of more than 30,000,
is market leader in the Netherlands, occupies
a leading position in the UK and Belgium and ranks
among the top ten construction companies in Europe.
At the World Trade Center in Amsterdam, where
both companies successfully work together on the
renovation and extension of the WTC by building
a new office tower, enormous advertising banners
make one thing clear to the passers-by of the
site: here the ideal combination is building together!
Visit the Royal Bam Group
website at www.bamnbm.nl
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