Royal BAM Group : Sales Sale of Wayss & Freytag de-risks BAM further
>De-risking continues, adj. EBITDA guidance maintained - BAM has announced the sale of German Infra and tunnel specialist Wayss & Freytag to ZECH Building, the contractor that also acquired BAM Deutschland. The transaction is expected to close in the 3rd quarter of 2022 (probably late in the quarter given anti-trust review and the holiday period) with the results of Wayss & Freytag being consolidated into the overall results up until the sale. The divestment of Wayss ...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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