NIEUWEGEIN, The Netherlands, July 7, 2014 /PRNewswire/ --
- Not for release, publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, Japan, or any other jurisdiction in which such release, publication or distribution would be unlawful.
Progress has been made in the disposal programme announced in February. On 5 July a letter of intent has been signed with H2 Equity Partners (H2) for the sale of the companies Rademakers Gieterij B.V., TBS Soest B.V. en Recycling Maatschappij Feniks B.V. Together with the sale of the 30% interest of Ballast Nedam in Beheersmaatschappij Fr. Bontrup B.V., which will be sold to the owner of the other 70% of the shares in this family company F. Bontrup Holding B.V., this package of disposals represents a realizable value of approximately € 30 million. These transactions are expected to be closed in the third quarter.
With the intended disposals Ballast Nedam reinforces its financial position. The intended disposals took place after the conclusion of the half-year figures and therefore not included in the half-year results.
In the medium term Ballast Nedam continues the disposal program through the controlled disposals of companies that do not contribute to integrated projects and industrialisation of the construction process. Hereby Ballast Nedam identified the following companies as a group which is immediately available for sale and which fits within the strategy of improving Ballast Nedam's financial position: CNG Net B.V., LNG24 B.V., CNG Net Realisatie en Onderhoud B.V.
H2 Equity Partners is an independent private equity firm founded in 1991 with operations in the Benelux, the United Kingdom, Ireland and Germany. H2 has built an exceptional record of acquiring and growing fundamentally attractive businesses that have a combination of growth, operational and strategic improvement opportunities at the time of investment.
Ballast Nedam targets its strategic focus at successfully acquiring and carrying out integrated projects in the working areas of housing, mobility, energy and nature in the Netherlands and internationally. We will expand related activities in niche markets and 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 NYSE Euronext. http://www.ballast-nedam.com
This document is for information purposes only and does not constitute, and should not be construed as, an offer to sell, or the solicitation of an offer to acquire or subscribe for, securities of Ballast Nedam N.V. (the "Company") in the United States, Australia, Canada, Japan, their territories and possessions, or any other jurisdiction in which such offer or sale of securities would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction.
The securities of the Company have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and will not be registered with any authority competent with respect to securities in any state or other jurisdiction of the United States. Accordingly, the securities of the Company may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act. No public offering of the securities of the Company is being made in the United States.
No communication or information relating to any offer or sale of securities of the Company may be disseminated to the public in jurisdictions, other than The Netherlands, where prior registration or approval is required for that purpose. No action has been taken that would permit an offer of securities of the Company in any jurisdiction where action for that purpose is required, other than in The Netherlands.
The Company has not authorised any offer to the public of securities in any Member State of the European Economic Area (other than the Netherlands). With respect to any Member State of the European Economic Area (other than the Netherlands), and which has implemented the Prospectus Directive (each a "Relevant Member State"), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring publication of a prospectus in any Relevant Member State. As a result, the securities may only be offered in Relevant Member States (i) to any legal entity which is a qualified investor as defined in the Prospectus Directive; or (ii) in any other circumstances falling within Article 3(2) of the Prospectus Directive. For the purpose of this paragraph, the expression "offer of securities to the public" means the communication in any form and by any means of sufficient information on the terms of the offer and the securities to be offered so as to enable the investor to decide to exercise, purchase or subscribe for the securities, as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State and the expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in the Relevant Member State.
The release, publication or distribution of these materials in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which they are released, published or distributed, should inform themselves about, and observe, such restrictions.
These materials do not constitute a prospectus within the meaning of the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht) and do not constitute an offer to acquire securities. Any offer to acquire securities pursuant to the proposed offering will be made, and any investor should make his investment, solely on the basis of information that will be contained in the prospectus to be made generally available in the Netherlands in connection with such offering. When made generally available, copies of the prospectus may be obtained at no cost from the Company or through the website of NYSE Euronext Amsterdam, the Netherlands Authority for the Financial Markets and/or the website of the Company.
This announcement includes certain forward-looking statements, which are based on the Company's current expectations and projections on the date of this announcement. By their nature, forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors because such statements relate to events, and depend on circumstances, that will occur in the future whether or not outside the control of the Company. Such factors may cause actual results, performance and developments to differ materially from those expressed or implied by the forward-looking statements included in this announcement.
SOURCE Ballast Nedam