BAM investigates selling Flatiron
Bunnik, The Netherlands, 22 May 2007 – Royal BAM Group is in negotiations with a large, internationally operating, European construction group about the possible sale of the US operating company Flatiron Construction Corp., based in Longmont, Colorado. Flatiron specialises in design and construction of (mainly large-scale) transportation projects. It is expected that the negotiations will lead to conclusions by the end of August.
The negotiations are in accordance with a study into the future of Flatiron as part of Royal BAM Group. This study results from the Strategic Agenda 2007 - 2009 defined by BAM last year.
- press: A.C. Pronk, + 31 (0)30 659 86 21;
- analysts: P.Juge, + 31 (0)30 659 86 01.