HBG and BAM

9 September 2002 14:45 - Royal BAM Group nv

On 3 September 2002, the European Commission formally decided to declare the consolidation in the industry resulting from the acquisition of HBG's activities outside the Netherlands compatible with the EU's common market.

Acquisition of dredging and consultancy & engineering activities has also been cleared as compatible. The latter activities and the international activities for which clearance has been given together accounted for approximately 78% of HBG's total turnover in 2001. Investigation of the implications of the planned consolidation for the Dutch construction market [approximately 22% of HBG's turnover] has been referred to the Netherlands Competition Authority [Nma]. According to current information, the NMa will take a decision in October.