Sale of BAM Contractors bv to Stadsbader successfully completed
Bunnik, the Netherlands, 5 May 2022 – Royal BAM Group nv has sold its Belgian operating company BAM Contractors bv to the Belgian construction company Stadsbader Group. The transaction, announced on 15 February 2022, has been successfully completed. Further financial details of the transaction are not being disclosed.
For BAM, this transaction marks a further step forward in delivering its strategy ‘Building a sustainable tomorrow’. BAM is restructuring the portfolio of businesses to focus on markets and projects where the Group can leverage its proven competitive strengths and serve the growing demand for sustainable solutions in the construction industry.
The divestment of BAM Contractors bv (annual revenues of approximately €190 million and 400 employees) shortens the Group’s balance sheet and reduces liquidity and the use of bonding. The transaction resulted in a limited book loss, which was incorporated in the 2021 results, as published on 17 February 2022.
Further information:
- analysts: Michel Aupers, +31 (0)30 659 89 88, michel.aupers@bam.com;
- press: Arno Pronk, +31 (0)30 659 89 88, arno.pronk@bam.com.