On 7 February 2003, Egeria B.V. made an offer for the Dutch activities of Ballast Nedam N.V.
Ballast Nedam N.V. has now reached agreement with Egeria B.V. on the main terms and conditions of the sale of the Dutch businesses. Egeria will continue these activities under the Ballast Nedam name.
Ballast Nedam N.V. has granted exclusivity to Egeria B.V. for a limited period. During this period, Egeria will perform a due diligence review and the parties will work towards a final agreement. This exclusivity does not apply to any public bid for the shares in Ballast Nedam N.V. by a third party.
As soon as a final decision has been reached regarding the sale of the Dutch businesses, it will be submitted to the shareholders of Ballast Nedam N.V. Such final decision is expected to be submitted during the annual general meeting of shareholders on 23 April 2003.
Egeria B.V. is an independent Dutch investment company. Egeria focuses on investments with a long-term capital growth potential.