Ballast Nedam sells stake in Benelux Secondary PPP Fund I
Ballast Nedam has sold its 20 percent stake in Benelux Secondary PPP Fund I to DG Infra Yield, its joint-venture partner.
The amount involved is approximately €4.5 million (US$4.9 million).
DG Infra Yield already holds the other 80% of the shares in the joint-venture, which has invested in equity stakes in real estate PPP projects since 2011. Ballast Nedam will also transfer the management of the joint venture in the forthcoming period.
The Benelux Secondary PPP Fund 1 acquired equity stakes of three operational PPP projects in Netherlands from Ballast Nedam on 12 September 2011. These projects are provided through design, bulid, finance, maintenance and operation (DBFMO) contracts to the Ministry of Defence, the Government Buildings Agency, the Ministry of Security and Justice and the Ministry of the Interior. The scope includes participation in the Komfort PPP in Utrecht and the DUO2 PPP in Groningen.
Ballast Nedam targets its strategic focus at successfully acquiring and carrying out integrated projects in the working areas of housing and mobility in the Netherlands and internationally. The firm supplies project, process and contract management in the development, implementation and management phases. Ballast Nedam is listed on NYSE Euronext in Amsterdam. The share is included in the Amsterdam Small Cap Index.
Country news
-
-
April 07, 2015
HICL Infrastructure acquires 75 % stake in Dutch prison
HICL Infrastructure Company Limited has invested €11.5 million (US$12.6 million) for a 75% interest in the Zaanstad Penitentiary Institution PPP project, acquired from a subsidiary of Ballast Nedam BV. Read more -
April 08, 2015
iCON Infrastructure Partners II buys fuel terminal at port of Rotterdam
iCON Infrastructure Partners II has entered into an agreement to acquire Service Terminal Rotterdam v.o.f. (STR) from LITASCO SA and its joint venture partner Burando Maritime Services. Read more -
April 09, 2015
Preferred bidder in place for Breda Courthouse PPP
Rijksvastgoedbedrijf, the Dutch government buildings agency has selected Inbalans consortium as preferred bidder for the Breda Courthouse PPP project in the Netherlands. Read more -
May 13, 2015
Netherlands launches road PPP project
Rijkswaterstaat, part of the Dutch Ministry of Infrastructure and the Environment, has launched a tender process to develop the A-27 road stretch between Utrecht - Hilversum and the A1 road stretch between Hilversum and Bunschoten-Spakenburg through a PPP project. Read more -
May 13, 2015
Antin Infrastructure Partners to acquire communications company Eurofiber
Infrastructure investment manager Antin Infrastructure Partners has reached an agreement with private equity firm Doughty Hanson and Reggeborgh to acquire Eurofiber Group. Read more
