Royal Heijmans NV reached an agreement to acquire Van Wanrooij Bouw & Ontwikkeling B.V. on June 21, 2023. Royal Heijmans will acquire the project development activities, construction company, carpentry factory and building materials business of Van Wanrooij for an enterprise value of approximately ?300 million. Van Wanrooij?s shareholders and Heijmans? Supervisory Board have both approved the proposed transaction. Van Wanrooij will continue to manage the leasing of Van Wanrooij?s commercial and residential portfolios. All Van Wanrooij employees will become part of Heijmans while retaining their jobs. The current three-member family management board of Van Wanrooij will remain operationally involved in the business activities for the next two years to ensure a smooth transfer. Heijmans has reached agreement with its regular lenders on the extension of its existing financing arrangement for this transaction. ?23.5 million of the purchase price will be paid by issuing 2.3 million depositary receipts for shares, at an issue price of ?10.214 per share, which will be placed directly and entirely with Van Wanrooij shareholders. The remaining part of the purchase price will be paid in cash. This will financed partly through the use of the current strong net cash position and partly through a ?140 million expansion of Heijmans? financing facility with the bank consortium consisting of ABN Amro, ING and Rabobank. The deal is subjected to approval of Dutch Consumer & Market Authority. The deal is expected to close in the third quarter of 2023. As of August 3, 2023, Dutch Consumer & Market Authority (ACM) approves Heijmans? acquisition of Van Wanrooij. Axeco Corporate Finance acted as a financial advisor to Heijman. ING Groep N.V. acted as financial and debt advisor to Royal Heijmans.Allen & Overy Amsterdam acted as Legal advisor to Koninklijke Heijmans N.V. (ENXTAM:HEIJM).

Royal Heijmans NV completed the acquisition of Van Wanrooij Bouw & Ontwikkeling B.V. for approximately ?300 million on September 5, 2023. The transaction sum for 100% of the share?s totals ?296.8 million, which Heijmans paid in the form of 2.3 million shares and a cash consideration of ?273.4 million. All conditions were fulfilled, and shares were transferred.