Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Friday, 21 April 2017

Heijmans completes sale of German subsidiary Oevermann

Heijmans NV    

Published: 17:35 CEST 21-04-2017 /GlobeNewswire /Source: Heijmans NV / : HEIJM /ISIN: NL0009269109

Heijmans completes sale of German subsidiary Oevermann

Heijmans has completed the sale of its German subsidiary Heijmans Oevermann GmbH to PORR Deutschland GmbH. The sale has been approved by the appropriate antitrust authorities and the expected net proceeds of € 60 million have been realized.

As reported previously, on 6 March 2017, Heijmans reached agreement concerning the sale of all shares in Heijmans Oevermann GmbH to PORR Deutschland GmbH, a subsidiary of the Austrian construction group PORR AG. The sale of Oevermann contributes significantly to further debt reduction and results in a structural improvement of the financial ratios.

Recently, Heijmans also sold its German foundation specialist Franki to PORR. This sale was completed on 18 January 2017. With its disinvestment in Oevermann, Heijmans now has disposed of all of its operating activities in Germany.

About Heijmans
Heijmans is a listed company that combines activities related to property development, residential building, non-residential building, roads and civil engineering in the fields living, working and connecting. Our constant focus on quality improvements, innovation and integrated solutions enables us to generate added value for our clients. Heijmans realises projects for private consumers, companies and public sector bodies and, in partnership with its clients, is building the spatial contours of tomorrow. You will find additional information on www.heijmans.nl.

For additional information / not for publication:

Marieke Swinkels-Verstappen
+31 73 543 52 17

Guido Peters
Investor Relations
+31 73 543 52 17

Press Release

This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Heijmans NV, Postbus 2, Rosmalen 5240 BB, Nederland
If you would like to unsubscribe and stop receiving these e-mails click here.