With final NMa fine, BAM draws line under 'old construction case'

18 September 2006 09:19 - Royal BAM Group nv

Bunnik, Netherlands, 18 September 2006 - Royal BAM Group nv has concluded objection proceedings against the fines imposed by the Netherlands Competition Authority (NMa) in December 2003. The fines, totalling € 27.5 million, had been imposed by the NMa on several business units because of infringements of the Competitive Trading Act. Against the background of the 'cleaning house' operation that has taken place, the NMa has now lowered these fines to € 15.3 million. The provision taken by BAM in previous years has proven to be sufficient.

The Group regards the construction industry irregularities as the blackest page in the history of the company and expects - now that the NMa has taken this decision on the fines - to be able to definitively draw a line under the past.

Further information: A.C. Pronk, +31 (0)30 659 86 21.