Royal BAM Group investigates merger German non-residential building companies
Bunnik, Netherlands, 28 June 2006 - Royal BAM Group nv is investigating the possibility of merging Müller-Altvatter Bauunternehmung GmbH & Co KG and Wayss & Freytag Schlüsselfertigbau AG under the name of BAM with effect from 1 January 2007.
BAM expects this merger will strengthen the position of both operating companies in the German non-residential building market and will also lead to further PPP activities. It is not expected that the merger will result in substantial redundancies. Together Müller-Altvatter and Wayss & Freytag Schlüsselfertigbau AG employ more than 800 employees. The joint turnover is in excess of ?530 million.
Further information: A.C. Pronk, 31 (0)30 659 86 21.