Tebodin sold by BAM to Bilfinger Berger
Bunnik, The Netherlands, 24 April 2012 - Royal BAM Group nv has sold consultancy and engineering firm Tebodin to Bilfinger Berger. The transaction, announced on 29 February, has now been closed.
With this transaction BAM is taking further steps in line with the Group’s strategic agenda to increase the focus on its core business activities and to strengthen its financial position. As announced, the transaction results in a profit contribution of approximately €65 million in 2012. The proceeds will be used to reduce Group net debt.
Further information:
- press: A.C. Pronk, +31 (0)30 659 86 21;
- analysts: P.R.E. Snippe, +31 (0)30 659 87 07.