Bunnik, the Netherlands, 5 January 2016 – BAM has sold the production facility for precast concrete elements to Betonfabriek Vrijenban. Betonfabriek Vrijenban is producer of high-tech precast concrete elements, retaining walls and concrete mortars and has already production plants in Delft and Vianen, both in the Netherlands.
In the course of 2015 as part of its Back in shape programme BAM came to the conclusion that there were insufficient opportunities to continue the activities of its concrete production facility. This then led to closure of the plant. This transaction relates only to the real estate and does not include a transfer of projects or guarantees.