HomeNews VolkerWessels enters into joint venture with BBGI and sells part of its interests in three DBFM(O) projects

VolkerWessels enters into joint venture with BBGI and sells part of its interests in three DBFM(O) projects

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Amersfoort, 11 December 2018 – Investment company BBGI SICAV S.A. (‘BBGI’) acquires a 49% interest in Participatiemaatschappij VolkerInfra PPP, an (indirect) subsidiary of Koninklijke VolkerWessels N.V. With this transaction, VolkerWessels divests part of its financial interests in three operational DBFM(O) projects in the Netherlands, being A1 / A6 Diemen-Almere Havendreef, N18 Varsseveld-Enschede and Gemeentehuis Westland

The transaction is consistent with the medium-term objective to further improve the strategic working capital and the strategy of divestment and reduction of equity in operational DBFM(O) projects.

 

VolkerWessels remains responsible for long-term maintenance of the projects and, in the case of Westland Town Hall, for the operations during the term of the contract.

 

The joint venture with BBGI offers VolkerWessels the opportunity to co-operate with an active long-term investor experienced in secondary market transactions. BBGI is listed on the FTSE 250 Index of the London Stock Exchange. The company invests in infrastructure assets worldwide and owns a diversified portfolio of 45 DBFM(O) projects in Continental Europe, the UK, North America and Australia.

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