Cash for construction

Grupo Dragados, Spain’s leading construction and services group, said today that it would make a cash offer of 21.25 Euros per share for Hollandsche Beton, the Dutch construction and dredging group.

Grupo Dragados, Spain’s leading construction and services group said today that it would make a cash offer of 21.25 Euros per share for Hollandsche Beton (HBG), the Dutch construction and dredging group.

The Offer values 100% of the ordinary shares of HBG at approximately 756 million Euros.

The combined group would be a global leader in transport concessions, the largest dredger in terms of capacity and Europe’s third largest construction and services player.

The merged group’s activities would be organised in five business areas, comprising dredging, concessions, services and industrial, civil engineering and building construction and real estate.

The company’s head office would be based in Madrid with divisional headquarters in existing locations in the Netherlands and Spain.

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