Royal BAM Group : BAM Contractors divested – material risk reduction
>BAM Contractors sold to Belgian peer - BAM has announced the divestment of BAM Contractors bv (Belgium) to Stadsbader Group, a regional peer. BAM Contractors had annual revenues of €190m and held a solid position in the Belgian infrastructure and industrial markets. The transaction is expected to close in the 2nd quarter of 2022, resulting in what BAM calls a ‘limited book loss’. The sale of BAM Contractors bv will result in ‘a shorter balance sheet, reduce liquidity...Koninklijke Bam is a construction group based in the Netherlands. Co. is active in the sectors construction, property, civil engineering, public private partnerships, mechanical and electrical contracting, consultancy and engineering, and facilities management. Co. maintais market positions in the Netherlands, Belgium, the United Kingdom, Ireland and Germany. Co. undertakes specialist construction and civil engineering projects in niche markets worldwide. Co.'s consultancy and engineering company provides services to global clients with their international operations.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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