Latest Ballast Nedam Stories

2014-02-26 04:21:45

NIEUWEGEIN, The Netherlands, February 26, 2014 /PRNewswire/ -- Theo Bruijninckx (52) will leave the Board of Management of Ballast Nedam as of 1 July 2014. This decision has been made in close consultation with the Supervisory Board. The Supervisory Board has started the search for a successor. "After further aligning our strategic focus and the refinancing of Ballast Nedam, the time is right to transfer the leadership of the company. Looking back on 24 great years with...

2014-02-05 04:21:19

NIEUWEGEIN, the Netherlands, February 5, 2014 /PRNewswire/ -- Ballast Nedam is to strengthen its financial position in the long term with the support of all 5%-plus shareholders and banks. This refinancing comprises a rights issue of EUR30 million and EUR80 million of new loans that will mature in 2017. The rights issue will strengthen Ballast Nedam's balance sheet, and together with the new loans will provide the company with sufficient financial scope to concentrate fully on...

Word of the Day
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.