Inquiry report confirms careful decision-making by HBG [conclusions downloadable]

16 August 2001 14:35 - Royal BAM Group nv

The commission of inquiry set up by order of the Enterprise Section of the Amsterdam Court of Appeal to investigate the policy pursued by HBG since 1 January 2000 presented its findings in a report on Friday, 3 August.

The commission concludes that the HBG Board of Management and Supervisory Board did give proper consideration to their decisions. Among the commission's recommendations is that the shareholders should be informed in greater detail about these decisions in an Extraordinary General Meeting of Shareholders on the basis of a memorandum made available to them beforehand.

The Board of Management and Supervisory Board are pleased that all doubts regarding the decision-making process connected with the Ballast HAM Dredging merger have been dispelled. They will be doing everything in their power to improve relations with shareholders.

The European Commission let it be known last Friday that it had no objection to the merger of Ballast Nedam Baggeren and HAM from the point of view of competition law.

Click here for the report.