13 Mar 2015 | Press release - Grontmij announces the sale of Parera, one of its French subsidiaries 
De Bilt, 13 March 2015 - Grontmij, a listed consulting & engineering company with a strong European presence, announces that it has signed an agreement to sell its French subsidiary Parera to Ciclad, a French private equity firm, for a consideration of € 7.8 million. Parera, with € 10.0 million revenues, focuses on grid cartography and network detection for French utilities clients. Closing is expected in the coming weeks, upon customary conditions.
Grontmij continues the divestment process of its remaining French operations, and intends to complete the French divestment process in 2015. Grontmij reiterates that it is likely that following the divestment of the French operations, a transaction-related loss will be incurred. It has been agreed with the banks that the proceeds from the Parera disposal do not have to be used to repay debt.

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Press release - Grontmij announces the sale of Parera, one of its French subsidiaries
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