Further to the press release of 5 February 2002, Grupo Dragados, S.A. ['Grupo Dragados'] and Hollandsche Beton Groep nv ['HBG'] jointly announce that they have reached agreement on Grupo Dragados' recommended cash offer for all the outstanding ordinary shares in HBG [the 'Offer'].
Not for release, publication or distribution, in whole or in part, in or into, the UK, the US, Canada, Australia or Japan.
Press release of Grupo Dragados and HBG
Madrid / Rijswijk, 6 March 2002
The terms of the agreement confirm the major points which were announced in the 5 February 2002 press release, including the price of €21.25 in cash per HBG ordinary share. Under the terms of the Offer, HBG will declare no dividend for 2001. The offer document relating to the Offer [the 'Offer Document'] will contain the terms of the Offer, the conditions subject to which the Offer will be declared unconditional ['gestanddoening'] and the calendar of events.