NIEUWEGEIN, The Netherlands, March 27, 2015 /PRNewswire/ --
In view of its focus on creating value, Ballast Nedam has sold its 20 percent stake in Benelux Secondary PPP Fund I to DG Infra Yield, its joint-venture partner. The amount involved is approximately € 4.5 million.
DG Infra Yield already holds the other 80% of the shares in the joint-venture, which has invested in equity stakes in real estate PPP projects since 2011. Ballast Nedam will also transfer the management of the joint-venture in the forthcoming period.
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 NYSE Euronext. http://www.ballast-nedam.com
Note for editorial staff:
Further details can be obtained from: Ballast Nedam N.V., Adrie van Kessel, telephone +31(0)30-285-41-61 / +31(0)6-22-45-71-85
SOURCE Ballast Nedam