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Ballast Nedam NV announces sale of CNG Net, LNG24 and CNG Net Realisatie en Onderhoud businesses


Friday, 25 Jul 2014 04:30pm EDT 

Ballast Nedam NV:Says on July 24, company agreed with Bencis Capital Partners B.V. (Bencis) on sale of businesses, CNG Net B.V., LNG24 B.V. and CNG Net Realisatie en Onderhoud B.V.Transaction includes customary conditions precedent and is expected to be completed in late Sept.This package of disposals represents total selling price of about 26.5 mln euros, and generates book profit of above five mln euros for Ballast Nedam.Number of jobs involved will not be affected by this transaction. 

Company Quote

2.511
-0.21 -7.72%
24 Apr 2015