Gustav Zech Stiftung Management GmbH entered into an agreement to acquire BAM Deutschland AG from Koninklijke BAM Groep nv (ENXTAM:BAMNB) on September 9, 2021. BAM Deutschland AG generates annual revenues of €500 million. The transaction is subject to approval of the competition authorities and is expected to be completed in October 2021. The transaction will have limited impact on the 2021 income statement and will not change Koninklijke BAM's outlook for 2021. Andreas Hoger, Emanuel P. Strehle, Martin Tasma, Christian Hoefs, Markus Ernst, Thomas Lang, Jan D. Bonhage and Vera Jungkind of Hengeler Mueller acted as a legal counsel to Koninklijke.

Gustav Zech Stiftung Management GmbH completed the acquisition of BAM Deutschland AG from Koninklijke BAM Groep nv (ENXTAM:BAMNB) on October 18, 2021.