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Ackermans & Van Haaren NV (ACKB.BR)

ACKB.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ackermans & Van Haaren: DEME Says CDWE Orders Offshore Wind Installation Vessel
Thursday, 25 Jun 2020 

June 25 (Reuters) - Ackermans & Van Haaren NV ::DEME SAYS CDWE REACHES FINAL INVESTMENT DECISION AND ORDERS OFFSHORE WIND INSTALLATION VESSEL ‘GREEN JADE’.DEME SAYS NEW VESSEL WILL BE BUILT AT CSBC IN KAOHSIUNG AND IS SET TO BE DELIVERED IN 2022.  Full Article

DEME To Build Scheldt Tunnel As Part Of Oosterweel Link Project
Wednesday, 3 Jun 2020 

June 3 (Reuters) - ACKERMANS & VAN HAAREN NV ::DEME SAYS WILL BUILD SCHELDT TUNNEL AS PART OF OOSTERWEEL LINK PROJECT.DEME SAYS FIRST PREPARATORY WORK WILL START IN AUTUMN 2020.DEME SAYS CONTRACT VALUE IS EUR 570 MILLION, WITH A DEME SHARE OF 25%.DEME SAYS CONSTRUCTION WORK FOR TUNNEL ITSELF WILL BEGIN AFTER SUMMER OF 2021.  Full Article

Ackermans & Van Haaren And SIPEF Acquire Sime Darby Plantation Berhad's 52%-Interest In Verdant Bioscience
Friday, 29 May 2020 

May 29 (Reuters) - Ackermans & Van Haaren NV ::ACKERMANS & VAN HAAREN AND SIPEF ACQUIRE SIME DARBY PLANTATION BERHAD'S 52%-INTEREST IN VERDANT BIOSCIENCE.ACKERMANS & VAN HAAREN ACQUIRES A 42% STAKE IN VBS, REPRESENTING AN INVESTMENT OF 7 MILLION USD.SIPEF INCREASES ITS STAKE BY 10% TO 48% FOR AN AMOUNT OF 1.7 MILLION USD.TRANSACTION HAS FULL CONSENT OF BIOSING, AND ITS REPRESENTATIVES.BRYAN DYER AND DR STEPHEN NELSON, REMAIN IN OFFICE RESPECTIVELY AS CHAIRMAN AND MANAGING DIRECTOR OF VBS.FOR ACKERMANS & VAN HAAREN, THIS ACQUISITION IS A STRATEGIC LONG-TERM INVESTMENT IN LINE WITH ITS 34.68% INTEREST IN SIPEF.  Full Article

Ackermans & Van Haaren End-March Net Cash Position Of 245.6 Million Euros
Wednesday, 20 May 2020 

May 20 (Reuters) - ACKERMANS & VAN HAAREN NV ::TRADING UPDATE FIRST QUARTER 2020.CONFIRMS THAT THE GROUP PARTICIPATIONS ARE GENERALLY FAIRLY RESILIENT SO FAR.AT THE END OF MARCH 2020, AVH (INCLUDING SUBHOLDINGS) HAD A NET CASH POSITION OF 245.6 MILLION EUROS.  Full Article

DEME's Femern Link Contractors Joint Venture Receives Notice To Proceed
Wednesday, 13 May 2020 

May 13 (Reuters) - ACKERMANS & VAN HAAREN NV ::DEME SAYS FEMERN LINK CONTRACTORS JOINT VENTURE RECEIVES NOTICE TO PROCEED FOR CONSTRUCTION OF WORLD’S LONGEST IMMERSED ROAD AND RAIL TUNNEL.DEME SAYS THREE CONTRACTS HAVE COMBINED VALUE OF €3.4 BILLION, OF WHICH DEME’S SHARE IS EUR 700 MILLION.DEME SAYS THE CONSTRUCTION WILL START ON 1 JANUARY 2021.  Full Article

Ackermans & Van Haaren In Maritime Industry Consortium Reached Heads Of Agreement For Acquisition And Refinancing IHC Merwede Holding
Thursday, 30 Apr 2020 

April 30 (Reuters) - ACKERMANS & VAN HAAREN NV ::ROYAL IHC STRENGTHENS POSITION IN MARITIME SECTOR WITH HEADS OF AGREEMENT FOR ACQUISITION AND REFINANCING.HEADS OF AGREEMENT REACHED WITH MARITIME INDUSTRY CONSORTIUM AND EXISTING SYNDICATE OF BANKS OF ROYAL IHC FOR ACQUISITION AND REFINANCING OF IHC MERWEDE HOLDING B.V..HEADS OF AGREEMENT IS MADE POSSIBLE BY SHORT‐TERM BRIDGING LOAN AND GUARANTEE FACILITY FROM MINISTRY OF ECONOMIC AFFAIRS AND CLIMATE POLICY, AND EXPORT CREDIT INSURANCE CONTRIBUTION FROM MINISTRY OF FINANCE.  Full Article

CFE Expects Decrease Of 2020 Revenue Due To Coronavirus
Tuesday, 31 Mar 2020 

March 31 (Reuters) - AANNEMINGSMAATSCHAPPIJ CFE NV ::IMPACT OF THE COVID-19 PANDEMIC.ON CORONAVIRUS: THE ACTIVITIES OF DEME ARE IMPACTED BY THE SECLUSION MEASURES, BORDER CLOSURES AND THE DISRUPTION OF CERTAIN SUPPLY CHAINS.ANTICIPATES DECREASE OF ITS REVENUE, CASH FLOW AND RESULTS IN 2020, WITHOUT HOWEVER BEING ABLE TO QUANTIFY FINANCIAL IMPACT ON GROUP’S ACCOUNTS.HAS SUBSTANTIAL CASH RESERVES, WITH AVAILABLE CASH AND UNUSED CONFIRMED CREDIT LINES TOTALLING NEARLY € 0.9 BILLION AS AT DECEMBER 31, 2019.ON CORONAVIRUS: THOSE MEASURES WILL HAVE A CONSIDERABLE IMPACT ON REVENUE AND ORDER INTAKE, WITHOUT THE FINANCIAL IMPACT ON THE RESULTS BEING QUANTIFIABLE AS YET.CFE GROUP REMAINS SOLID AND HAS ALL RESOURCES AND STRENGTHS TO RECOVER FROM THIS HEALTH CRISIS.THE SALE OF THE 12.5% STAKE IN MERKUR OFFSHORE IS STILL PLANNED FOR THE SECOND QUARTER OF 2020.ON CORONAVIRUS: IN CONTRACTING, THE EXECUTION OF THE CONSTRUCTION SITES IN BELGIUM AND LUXEMBOURG HAS BEEN SUSPENDED SINCE 18 MARCH, WHEREAS IN POLAND ACTIVITY CONTINUES AT A LOWER LEVEL.  Full Article

Ackermans & Van Haaren To Propose Withdrawal Of Dividend Distribution For FY 2019
Tuesday, 31 Mar 2020 

March 31 (Reuters) - ACKERMANS & VAN HAAREN NV ::REG-ACKERMANS & VAN HAAREN: PUBLICATION ANNUAL REPORT 2019 AND ADJUSTMENT DIVIDEND PROPOSAL AND OUTLOOK 2020.BOARD OF DIRECTORS WILL EVALUATE THE POSSIBILITY OF AN INTERIM DIVIDEND BY THE FOURTH QUARTER OF 2020 AT THE LATEST.THE BOARD OF DIRECTORS OF ACKERMANS & VAN HAAREN HAS DECIDED TO ADJUST THE OUTLOOK FOR 2020.DIVERSIFICATION OF PORTFOLIO, NET CASH POSITION OF 267.4 MILLION EUROS (AT YEAR-END 2019) AND SOLID BALANCE SHEET SHOULD ENABLE GROUP TO COPE WITH THESE CHALLENGING CIRCUMSTANCES IN LONG TERM.ON CORONAVIRUS: ON BASIS OF CURRENT EXPECTATIONS, GROUP WILL PROBABLY BE CONFRONTED WITH SUBSTANTIAL DECREASE IN ITS PROFIT FOR THE FINANCIAL YEAR 2020.CAN RELY ON SOLID BALANCE SHEET THAT SHOULD, IN PRINCIPLE, ENABLE IT TO WITHSTAND IMPACT OF THIS EVENT IN THE LONG TERM.DECIDED TO PROPOSE TO THE ANNUAL MEETING OF MAY 7 THAT NO DIVIDEND SHOULD BE PAID FOR THE FINANCIAL YEAR 2019.  Full Article

DEME: Penta‐Ocean And DEME Offshore To Collaborate On Construction Of Offshore Wind Projects In Japan
Tuesday, 24 Mar 2020 

March 24 (Reuters) - ACKERMANS & VAN HAAREN NV ::DEME SAYS PENTA‐OCEAN AND DEME OFFSHORE SIGN MEMORANDUM OF UNDERSTANDING TO COLLABORATE ON CONSTRUCTION OF OFFSHORE WIND PROJECTS IN JAPAN.DEME SAYS PENTA‐OCEAN AND DEME OFFSHORE TO START WITH INTRODUCTION AND DEVELOPMENT OF ADVANCED TECHNOLOGIES THAT ARE DEEMED USEFUL AND BENEFICIAL TO JAPANESE MARKET, LEADING TO JOINT EXECUTION OF OFFSHORE WIND FARM PROJECTS IN JAPAN.  Full Article

Ackermans & Van Haaren FY Profit From Operating Activities Up At 447.6 Million Euros
Friday, 28 Feb 2020 

Feb 28 (Reuters) - ACKERMANS & VAN HAAREN NV ::ACHIEVES AN 11.3% RETURN ON EQUITY.REALIZED RECORD PROFIT OF 394.9 MILLION EUROS OVER FULL YEAR 2019 (2018: 289.6 MILLION EUROS).AIMS TO FURTHER DEVELOP ITS PORTFOLIO IN 2020 BY ACQUIRING NEW PARTICIPATIONS AS WELL AS BY STRENGTHENING EXISTING PARTICIPATIONS.FY REVENUE EUR 4.27 BILLION VERSUS EUR 4.46 BILLION YEAR AGO.FY PROFIT FROM OPERATING ACTIVITIES EUR 447.6 MILLION VERSUS EUR 398.7 MILLION YEAR AGO.TO PROPOSE DIVIDEND OF EUR 2.5 PER SHARE.  Full Article