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 in the Netherlands…

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Source:forexyard,April 26,2010;