Heijmans will not submit a bid for HBG

Heijmans N.V. (construction and related activities) announced this afternoon that it will not make a bid at this time for the outstanding shares of Hollandsche Beton Groep (HBG). This announcement was made at a press conference to present the annual figures for 2001.

Heijmans therefore assumes that Dragados will submit the proposed bid and that the HBG shareholders will accept it. Heijmans will reconsider its position should changes arise in this situation.

(source: Heijmans)

Related News