BAM shares fall 1.6% in early trade following A.Hak takeover
BAM fell in early Amsterdam trading following its takeover of A.Hak, which was valued at more than €500m in the deal.
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Shares in Dutch construction group BAM fell 1.6% shortly after the Amsterdam market opened on Thursday, 8 October, following its takeover of underground-infrastructure contractor A.Hak. A.Hak was valued at more than €500m in the transaction, according to Dutch news agency ANP. The report did not give BAM’s purchase price. [1]
The wider market was also lower in early trading. The AEX index fell 0.6% to 1,111.54 points, while the MidKap dropped 0.9% to 1,043.14 points. [1]
Elsewhere, chip-industry supplier Besi fell more than 3% after two analyst downgrades that week. Pharmacy company Fagron dropped more than 4%, despite reporting quarterly revenue growth of more than 23%. [1]
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