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Home›Business & Finance›The Netherlands: Royal BAM Will Sell Stake in Van Oord To Partly Repay Debts
Business & Finance

April 26, 2010 · about 16 years ago

The Netherlands: Royal BAM Will Sell Stake in Van Oord To Partly Repay Debts

Debt-laden Dutch builder Royal BAM said it had negotiated new covenants and maturities for its loans with banks, paving the way for its planned 250 million euros ($349.5 million) rights issue. Saddled with debt after suffering heavy loses in the property market, the largest listed construction group

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Debt-laden Dutch builder Royal BAM said it had negotiated new covenants and maturities for its loans with banks, paving the way for its planned 250 million euros ($349.5 million) rights issue. Saddled with debt after suffering heavy loses in the property market, the largest listed construction group in the Netherlands…

[mappress]

Source:forexyard,April 26,2010;

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