BAM Sells Van Oord Stake (The Netherlands)

Shareholder Koninklijke BAM Groep nv (BAM) and a consortium, consisting of three Dutch investment companies (Janivo, Breedinvest, Rinkelberg) and one Belgian investment company (Cobepa), have announced that they have reached agreement on the transfer of Van Oord shares.

BAM is transferring its 21.5% share in Van Oord nv to the consortium. BAM has been a Van Oord shareholder since the merger of Van Oord ACZ and Ballast Ham Dredging in 2003. Mr N.J. de Vries will step down as a member of the Van Oord Supervisory Board as of today. The resulting vacancy will be filled shortly.

Van Oord now has two shareholders: the Van Oord family combined in MerweOord B.V. (78.5%) and the consortium (21.5%).

[mappress]

Dredging Today Staff, January 5, 2012; Image: vanoord