HBG confirms exploratory talks with Boskalis and Ackermans & Van Haaren

24 February 2000 09:36 - Royal BAM Group nv

Rijswijk, the Netherlands – HBG, Hollandsche Beton Groep nv, confirms to be in exploratory conversations with Royal Boskalis Westminster nv, as well as with the Belgian company Ackermans & Van Haaren nv, to discuss possible forms of co-operation.

HBG will give further information as soon as it is probable that agreement can be reached with one of both parties. However, at this stage it is not clear if – or when – these conversations will lead to agreement.

HBG believes that concentration in the dredging industry is desirable. Further increase in scale is useful to realise in the future acceptable returns on the considerable investments in new dredging equipment.

For further information, please contact:

Arno C. Pronk at HBG Public Relations, telephone +31 70 3722121.