Royal BAM Group NV has reached an agreement to sell the shares of its German operating company BAM Deutschland (including subsidiaries BAM Immobilien-Dienstleistungen and BAM Sports) to Zech Group SE and Gustav Zech Foundation. The transaction, which is subject to the approval of the competition authorities, is expected to close in October 2021.

Based in Stuttgart, BAM Deutschland is a leading company in the German turn-key construction market, as well as in facilities management, with annual revenues of around EUR500 million (US$589.90 million). The company delivers projects such as hospitals, offices, universities, prisons, residential buildings, and sport stadiums. The list of current projects includes an office building in Berlin, a prison in Willich-Anrath (North Rhine-Westphalia), a mixed-use residential project Westfield Hamburg-Überseequartier, university medical centre UKSH in Kiel and Lübeck, and the BBBank Wildpark Stadium in Karlsruhe.