BAM Sells Its Van Oord Shares

Koninklijke BAM Groep nv (BAM)has transferred its 21.5 percent share in Van Oord nv to a consortium consisting of three Dutch investment companies (Janivo Breedinvest Rinkelberg) and one Belgian investment company (Cobepa).

BAM has been a Van Oord shareholder since the merger of Van Oord ACZ and Ballast Ham Dredging in 2003.

N.J. de Vries will step down as a member of the Van Oord supervisory board as of today. The resulting vacancy will be filled shortly.

Van Oord now has two shareholders: the Van Oord family combined in MerweOord B.V. (78.5 percent) and the consortium (21.5 percent).