HBG sells interest in Frontier-Kemper to Heitkamp-Deilmann-Haniel

22 January 2002 08:49 - Royal BAM Group nv

Rijswijk, the Netherlands – HBG, Hollandsche Beton Groep nv, has sold its interest of 49 per cent in the American mining and tunneling specialist Frontier-Kemper Constructors, Inc. to Heitkamp-Deilmann-Haniel GmbH, which was holding already a 49 per cent interest in Frontier-Kemper.

Frontier-Kemper is a leading mining construction and tunneling company with operations all over the United States. Annual sales amount to approximately $100 million. The company is based in Evansville, Indiana. As not fitting into the portfolio and structure of the Group, HBG did not include Frontier-Kemper in the consolidation. HBG is present in the United States by its group company HBG Constructors, Inc., which is concentrating on heavy civil, large bridge, highway and marine construction projects.

For further information:

Arno C. Pronk, HBG Public Relations, +31 70 3722121.