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

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.