Ballast Nedam tells Dutch stock exchange it has received takeover approaches

Amsterdam

Dutch contracting giant Ballast Nedam is considering proposed offers for a takeover or merger, the firm has told the Dutch stock exchange.

The 鈧1.3bn (拢1bn) construction group operates mainly in the Netherlands and Belgium.

The firm told the Dutch stock exchange on 31 December it had received approaches from 鈥渃ertain Dutch and international parties鈥 interested in a potential merger or acquisition.

The statement came after Ballast Nedam completed the sale of its offshore division to fellow Dutch contractor Van Oord.