Brief: Gimv Creates Underground Infrastructure Player Through Strategic Combination Of Baas-Verkley

Gimv NV

02/11/2021 18:11

Nov 2 (Reuters) - Gimv NV  GIMV.BR :
    * GIMV CREATES A STRONG NATIONAL PLAYER FOR UNDERGROUND
INFRASTRUCTURE THROUGH THE STRATEGIC COMBINATION OF BAAS-VERKLEY
    * THE INVESTMENT IN VERKLEY ANNOUNCED LAST APRIL WILL BE
EXPANDED
THROUGH A STRATEGIC COMBINATION WITH BAAS
    * THE MANAGEMENT OF THE BAAS-VERKLEY COMBINATION WILL
CONSIST OF
PIETER ELZINGA, CURRENT REGIONAL DIRECTOR OF BAAS INFRA NOORD
AND JACOB DE GRAAF, CURRENT CFO OF BAAS
    * THE DEPARTING CEO OF BAAS, TIEMEN SCHRA, WILL REMAIN
INVOLVED
AFTER THE TRANSACTION AS A SHAREHOLDER AND AS A MEMBER OF THE
SUPERVISORY BOARD
    * THE TRANSACTION IS SUBJECT TO CUSTOMARY CLOSING
CONDITIONS,
INCLUDING APPROVAL BY THE COMPETITION AUTHORITIES

Source text: [https://bit.ly/3q0axPj]
Further company coverage: [GIMV.BR

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