NIBC advised Ballast Nedam on the sale of its offshore wind activities to Van Oord

Corporate News -

NIBC began assisting Ballast Nedam with an assessment of the strategic options for its offshore wind activities in early 2014. In October, Ballast Nedam announced that the sale of its offshore wind activities would be included in the company’s programme of divestments. The sale of Ballast Nedam Offshore’s activities means a provisional end of this program.

The transaction was executed within a very short timeline and comes at a decisive moment for Ballast Nedam. It includes all employees related to the offshore wind (EPCI) activities, the “Svanen” Heavy Lift Vessel and the contract for the Westermeerwind project in the IJsselmeer. Ballast Nedam Offshore has been among Europe’s front-runners in the installation of offshore wind farms and has installed over 500 foundations.This deal further strengthens NIBC’s advisory position in The Netherlands.

The transaction is subject to customary closing conditions.

For more information about this transaction, you can contact:
Annemiek Hofland, +31 70 342 9947 or Maarten van Bon +31 70 342 5630.

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