Heijmans completes sale Franki

18 January 2017, 08:00

Heijmans has completed the sale of its foundation specialist Franki to PORR Deutschland GmbH. The transaction is approved by the responsible competition authorities and the anticipated net proceeds of almost € 15 million have been received.

As previously reported, on 13 December 2016 Heijmans reached agreement on the sale of all shares in its German-based foundation specialist Franki to PORR. The transaction contributes to Heijmans’ objective to improve the debt/ebitda-ratio structurally.