NIEUWEGEIN, The Netherlands, May 19, 2015 /PRNewswire/ --
Ballast Nedam is conducting exploratory discussions with several foreign parties on the possibilities of a merger or takeover of the company.
At the end of April Ballast Nedam has presented a package of financial and strategic measures with a view to dealing with the heavy project losses of the Infrastructure division. The announcement of this package and the subsequent presentation of the Annual results over 2014 have created large fluctuations around the Ballast Nedam share.
One of the foreign parties involved has approached Ballast Nedam at the end of 2014 and with this party Ballast Nedam was discussing the possible scenario of a takeover of parts of the infrastructure portfolio at the end of April. The outcome of these discussions is uncertain. The agenda for the Annual General Meeting of Shareholders has been published on Wednesday 13 May and remains unchanged.
As indicated before, Ballast Nedam will continue to actively explore strategic options in the interest of the company and will make announcements accordingly as appropriate or necessary.
Ballast Nedam targets its strategic focus at successfully acquiring and carrying out integrated projects in the working areas of housing and mobility in the Netherlands and internationally. We also work on projects where we can make a difference for the client with our expert knowledge and skills. Ballast Nedam applies a differentiated market approach for its three divisions.
With further industrialization of the building process through the use of innovative modular concepts and standardization Ballast Nedam creates enduring quality at the lowest possible life cycle costs for its clients and society. The Ballast Nedam share is included in the Amsterdam Small Cap Index (AScX) of Euronext. http://www.ballast-nedam.com
SOURCE Ballast Nedam