Royal BAM Group shareholders approve BHD deal

5 November 2003 09:28 - Royal BAM Group nv

Bunnik, 5 November 2003 - The extraordinary general meeting of shareholders of Koninklijke BAM Groep nv (Royal BAM Group), which took place in Amsterdam this afternoon, has approved the transaction concerning Ballast Ham Dredging (BHD). BHD is to merge with Van Oord ACZ, creating a new dredging company under the name Van Oord.

The due diligence investigations being conducted by both sides are now almost complete. The various works councils are at an advanced stage in the preparation of their recommendations. The process of clearing the merger with the competition authorities has been set in motion.

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