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| BAM, MerweOord seek potential buyer for interest in Van Oord Royal BAM Group and MerweOord, the investment company of the Van Oord family, have agreed to jointly seek a potential buyer for the 21.5 percent stake of BAM in Van Oord. Optionally, MerweOord will increase the stake to be acquired by a third party, up to 30 percent, which is expected to increase the opportunities for disinvestment. Royal BAM Group has already expressed its intention to divest the minority interest in Van Oord for strategic reasons. NPM Capital and MerweOord have reached agreement on the sale of the 27.5 percent interest of NPM Capital in dredging company Van Oord to MerweOord. BAM has approved this transaction. BAM has rejected a similar offer from MerweOord for the stake of BAM in Van Oord. The parties do not disclose any details on the purchase price. write your comments about the article :: © 2010 Construction News :: home page |