in
the press:
25 October 2002
NMa clears acquisition of HBG by Royal BAM NBM
Press Release by Hollandsche
Beton Groep, nv
The Executive Boards of Koninklijke BAM NBM nv
(Royal BAM NBM) and Hollandsche Beton Groep nv
(HBG) announce that the Netherlands Competition
Authority (NMa) has determined that no licence
is required for Royal BAM NBM's acquisition of
HBG's construction activities in the Netherlands.
On 3 September 2002, the European Commission
cleared the acquisition of HBG's activities outside
the Netherlands and the dredging and consultancy
& engineering activities in the Netherlands
(approximately 78% of HBG's turnover in 2001).
With clearance from the NMa, Royal BAM NBM now
has the full consent of the competition authorities
to acquire HBG. Only the acquisition of the 1/3
interest in Ballast Ham Dredging by HBG is still
the subject of investigation by the competition
authorities. This will not lead to further delay
of the completion of the acquisition by Royal
BAM NBM of the shares in HBG held by Grupo Dragados,
S.A. (Dragados).
The completion of the transaction between Royal
BAM NBM and Dragados will take place as quickly
as possible, whereupon further details of the
transaction will be released as well as of the
method of financing.
{printable
version}
more:
14 November
2002 - Royal BAM NBM completes takeover of HBG
25 October
2002 - NMa clears acquisition of HBG by Royal
BAM NBM
12
September 2002 - Ballast Nedam intends to exercise
put option: HBG to acquire Ballast Nedam's interest
in BHD
21 June 2002
- HBG wins US$ 131 million joint venture contract
for freeway near Raleigh, North Carolina
11 June
2002 - Royal BAM NBM acquires HBG from Grupo Dragados
2001 - ENR
Top 25 in Bridges
2001
- ENR Top 50 in Transportation
|
