Talks sale interest BAM in Van Oord held up
Bunnik, The Netherlands, 17 October 2008 – The talks which began in May 2008 between Royal BAM Group nv and the two other shareholders of Van Oord with regard to the sale of the 21.5%-interest in Van Oord are held up. Both parties conclude that the current situation on the financial markets does not allow a successful conclusion of the talks.
BAM is maintaining its intention to sell its minority interest in Van Oord and expects to resume the conversations with the other shareholders before 1 May 2009.
Further information: Arno C. Pronk, + 31 (0)30 659 86 21.