Fugro N.V. announced that it expects to receive €53.3 million in funding from ASR Nederland N.V., Investment Arm, NN Investment Partners B.V, Notz, Stucki Europe S.A.

Fugro N.V. (ENXTAM:FUR) announced that it has entered into a cornerstone placement agreement with ASR Nederland N.V., Investment Arm, NN Investment Partners B.V, and Sterling Strategic Value Fund SA, SICAV-RAIF, a fund managed by Notz, Stucki Europe S.A. for private placement of 20,500,000 shares at a price of €2.60 per share for gross proceeds of €53,300,000 on October 19, 2020. The transaction is subject to certain approvals and approval of shareholders in a extraordinary general meeting to be held on November 30, 2020. The transaction is expected to close by the end of year.