PGGM to acquire the remaining 50% stake in Invesis from BAM Group for €105m.

PGGM, a Dutch pension fund service provider, agreed to acquire the remaining 50% stake in Invesis from BAM Group, a Dutch construction-services business, for €105m. The public private partnerships landscape in BAM’s home markets has changed and the PPP portfolio requires long-term equity investments. BAM remains committed to contracted projects and the current bidding pipeline of Invesis as a construction and operations partner. The transaction strengthens BAM’s cash position to support execution of the strategy Building a sustainable tomorrow.