Royal BAM Group : Higher than expected positive settlement on sealock IJmuiden
>Higher positive claim settlement than expected - The arbitration committee reviewing the cost overruns at sealock IJmuiden has ruled that the Dutch government should pay €60m to the JV that has constructed the sealock (a 50/50 JV of BAM and VolkerWessels). The letter of the minister of Infrastructure to parliament also indicates that the government will not appeal the decision of the arbitration committee which means that BAM will receive c. €30m in cash, €10m higher...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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