Report
Martijn Den Drijver

Royal BAM Group : Divestment Belgian unit – steady progress in divestment program

>BAM sells BAM Galere - BAM has announced the sale of BAM Galere (including BAM Lux), one of the four Belgian units, that is mainly active in Construction & Property and less in Civil Engineering. The unit had sales of €200m and the divestment will include the equipment that Galere is regularly using, which is owned by another BAM unit. The transaction is expected to close in 1Q 2022. BAM states that the divestment will have a limited impact on the 2021 P&L and will n...
Underlying
Koninklijke BAM Groep NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Martijn Den Drijver

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