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New Deal


Announced

PGGM to acquire a 50% interest in BAM PPP from BAM Group for €130m.

Financials

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Transaction Value£115m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Pending

PPP concessions

Acquisition

Friendly

Netherlands

Private

Public Private Partnerships

Domestic

Synopsis

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Dutch pension fund service provider PGGM agreed to acquire a 50% interest in BAM PPP, a developer and manager of PPP concessions, from BAM Group, a Dutch construction-services business, for €130m. This transaction builds on the success of BAM PPP PGGM Infrastructure Coöperatie U.A., the joint venture formed between BAM PPP and PGGM Infrastructure Fund in 2011.

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