SALE OF CNG NET & LNG24 TO BENCIS CAPITAL PARTNERS
Advisor to buyer
In line with its announced programme of disposals, Ballast Nedam* agreed with *Bencis Capital Partners on the sale of the following businesses: CNG Net, LNG24 and CNG Net Realisatie en Onderhoud. This package of disposals represents a total selling price of approximately EUR 26.5 million, and generates a book profit of above EUR 5 million for Ballast Nedam. The number of jobs involved will not be affected by this transaction.
Ballast Nedam stated that it had identified these companies, as a group, as being immediately available for sale. This move is in keeping with the strategy of strengthening Ballast Nedam’s financial position.
Bencis is an independent investment company that helps entrepreneurs and management teams to achieve their growth ambitions. Based in Amsterdam and Brussels, Bencis has been investing in strong, successful companies in the Netherlands and Belgium since 1999.
Hemingway Corporate Finance acted as exclusive financial advisor to Bencis.
