Imtech sold in one piece after – Telegraaf.nl

Gouda –

Almost all the pieces of Imtech have been sold subject. One part, however, proves unmarketable: 1200 people lose their jobs at the division working on the Amsterdam North-South Line

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Building Services focuses on climate control, electrical, wiring and power systems. It has been badly affected by the crisis in the construction industry.

“After a few days of good news around Imtech, this is a very sad moment. This mass resignation comes hard on, “said Loes Bezemer-Videler (union CNV). “The bankruptcy lose as many as 1,200 employees their jobs. They thus indirectly foot the bill for fraud issues in Germany and Poland. “

In addition to Building Services, there is one part of a certain size where it is still exciting for. What part it is, people involved do not want to say, so as not to harm the process.

Bonte procession

For all other Imtech share has been consistent for a sale between Rabobank and ING led consortium of 12 banks and a colorful procession to buyers. Imtech Marine and Traffic & amp; Infra recent days were already sold to Pon Holding and investor Egeria.

Imtech Germany, covered by a separate German curator, is about to be sold to the Austrian construction giant Strabag. And for the Spanish, British, Belgian and most of the Dutch parts are also agreements.

‘Better’ bids

However, the curatorial Jeroen Princen and Paul Peters waiting in requesting approval for the sale of these remaining parts of the Rotterdam magistrate. He must procedural afhameren each transaction.

The curators hope that at the eleventh hour still coming better bids. That ‘better’ than primarily lies in the possibility to save all the Dutch Imtech parts, while in the current situation, next to the Building Services may therefore still one largely or falling multiple small pieces off the boat.

“The trustees have a box of puzzle pieces. If they accept the current bids, they are many pieces off, but remain the last few almost certainly because they separately difficult to explain, “said one concerned about this tactic.

Central in Night

Meanwhile, officials of Economic Affairs and the Tax 24-hour standby to bubbles of buyers who have questions regarding the tax treatment of an acquisition if necessary amid answer the night. Finance was also behind the scenes exert the necessary pressure on the banks to achieve the best possible solution from the perspective of job retention.

The banks have stepped Imtech have reportedly already around € 900 million loss on their investment. Those involved estimate that approximately 50% of returns from proceeds from the estate sale. The rest of the debt, banks will have to write off however. About 20% of which is owned by the Dutch trio ABN Amro, Rabobank and ING.

Hoping for payment

At the fair was the price of the Imtech share of € 0.14 from € 0.20 to halve the slotbel 10 cents. “Hedge funds remained because they had short positions. When the ultra-low rate, they wanted to fulfill their obligation to deliver shares “, says fund manager Corné van Zeijl of Actiam morning profit.

” Loyal investors Imtech also find interesting because they expect a bankruptcy allowance. That chance is very small, but for bargain hunters interesting, “says Van Zeijl. “Although it will take years.”

m.m.v. Theo Besteman

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