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Sale of BAM Deutschland to Zech Group and Gustav Zech Stiftung successfully completed

Bunnik, the Netherlands, 18 October 2021 - Royal BAM Group nv has sold its German operating company BAM Deutschland (including subsidiaries BAM Immobilien-Dienstleistungen and BAM Sports) to Zech Group and Gustav Zech Stiftung. The transaction, announced on 9 September 2021, has been successfully completed. Financial details of the transaction are not being disclosed.

For BAM, this transaction is a major step forward in delivering its strategy Building a sustainable tomorrow. BAM is focusing on growth markets in the Netherlands, United Kingdom and Ireland, where the Group has scale and competitive advantage. The divestment of BAM Deutschland (annual revenues of approximately Ä500 million and 750 employees) will support BAMís capital ratio by shortening of the balance sheet, and will reduce liquidity and the use of bonding. The transaction will have limited impact on the 2021 income statement, and will not change BAMís outlook for 2021.

About BAM
Royal BAM Group nv is a construction company with operating companies, active in Construction and Property, Civil engineering, as well as in Public-private partnerships.
BAM has leading positions in five European markets: the Netherlands, Belgium, the United Kingdom, Ireland and Germany. Furthermore, the Group delivers projects in Denmark and Luxembourg.
Digitalisation, sustainability and innovation are major drivers of BAMís design, construction and facility management solutions. The Group has an aspiration to become the market leader in the use of digital technology to ensure that clients receive the highest possible standards of quality.
BAM has annual revenues of approximately Ä7 billion, employs approximately 17, 500 people and is listed on Euronext Amsterdam.
Building a sustainable tomorrow. www.bam.com
 
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Further information:
- analysts: Michel Aupers, +31 (0)30 659 87 07, e-mail - press: Niels van Dongen, e-mail or Arno Pronk, e-mail +31 (0)30 659 86 23.
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