HEIJMANS SELLS BRITISH SUBSIDIARY LEADBITTER
(Thomson Reuters ONE) -
's-Hertogenbosch (the Netherlands) - Heijmans has reached full agreement on the
sale of its British subsidiary to a joint venture formed by the current
Leadbitter management and French company Bouygues Bâtiment International (BBI).
The sale of Leadbitter is in line with Heijmans' strategy to focus primarily on
its strong positions in the Netherlands and the Belgian infrastructure market.
The proceeds of the sale will be over ?45 million. The transaction will further
decrease the net debt by ? 15 million. The book profit of the transaction of
approximately ? 5 million will have a positive effect the shareholders' equity.
Additionally, the negative exchange rate differences of approximately ? 10
million, which have already been incorporated in the shareholders' equity in
previous years, will be taken into account in the profit and loss statement. The
overall impact is therefore limited negative.
The competition authorities involved will be consulted on the sale, after which
the transaction can be completed immediately.
Leadbitter is a British construction firm active in both the public and private
sector. Leadbitter develops and realises residential properties in the social
rental sector, and public properties such as schools, hospitals and leisure
facilities. Leadbitter operates primarily in the south of England and Wales.
Denne Construction is part of Leadbitter. Leadbitter reported a turnover of more
than £ 300 million in 2010 and employs approximately 700 employees. Bob Rendell
will become CEO of the joint venture with Paul Abson as Deputy Group Chief
Executive.
About Heijmans
Heijmans is a listed company that combines activities in real estate,
residential building, non residential building, technical services and
infrastructure. Heijmans is active in the Netherlands, Belgium, the United
Kingdom and Germany. We add value for our clients by aiming for quality
improvements, integrated projects, sustainability and profitability. Heijmans
realises projects for residential consumers, companies and government. With
approximately 9,000 employees and over ? 1.2 billion in turnover in the first
half of 2010, we are building the spatial contours of tomorrow. For further
information, please visit www.heijmans.nl.
For further information (note for editors):
Press:
Lonneke Wijnhoven
+31 73 543 52 17
Analysts:
Frank Heerens
+31 73 543 52 17
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Source: Heijmans NV via Thomson Reuters ONE
[HUG#1475549]
Unternehmensinformation / Kurzprofil:
Datum: 24.12.2010 - 07:58 Uhr
Sprache: Deutsch
News-ID 50067
Anzahl Zeichen: 3275
contact information:
Town:
Rosmalen
Kategorie:
Business News
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