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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)

Consortium Including Deme Wins Ravenna Port Hub Contract
Wednesday, 25 Nov 2020 

Nov 25 (Reuters) - Ackermans & Van Haaren NV ::DEME SAYS RAVENNA PORT HUB CONTRACT AWARDED TO A CONSORTIUM INCLUDING DEME.DEME SAYS DREDGING WORKS ARE DUE TO GET UNDERWAY IN THE FIRST QUARTER OF 2021.DEME SAYS WITH TOTAL VALUE OF EUR 197,8 MILLION, PROJECT IS FINANCED BY CIPE (THE ITALIAN INTER‐MINISTERIAL COMMITTEE FOR ECONOMIC PLANNING), EUROPEAN INVESTMENT BANK, EUROPEAN UNION AND PORT SYSTEM AUTHORITY.FOR DEME, THE SHARE IN THE PROJECT REPRESENTS A SIZABLE CONTRACT (WITH A VALUE OF EUR 50‐150 MILLION).  Full Article

Ackermans & Van Haaren Acquires 20% Participation In OMP
Thursday, 12 Nov 2020 

Nov 12 (Reuters) - Ackermans & Van Haaren NV ::ACKERMANS & VAN HAAREN ACQUIRES A 20% PARTICIPATION IN OMP AND BECOMES A CORNERSTONE INVESTOR IN ONE OF THE LEADING SUPPLY CHAIN PLANNING SOLUTION PROVIDERS.THE TRANSACTION, WHICH IS SUBJECT TO CUSTOMARY CONDITIONS PRECEDENT, IS EXPECTED TO BE CLOSED AROUND YEAR-END.NO FURTHER TRANSACTION DETAILS WILL BE DISCLOSED UNTIL AFTER CLOSING.  Full Article

Ackermans & Van Haaren's DEME Offshore Signs Contract With Dogger Bank Wind Farm
Thursday, 20 Aug 2020 

Aug 20 (Reuters) - DEME: :ACKERMANS & VAN HAAREN'S DEME OFFSHORE SIGNS CONTRACT FOR LARGEST EVER INTER-ARRAY CABLE ORDER WITH DOGGER BANK WIND FARM.  Full Article

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