Division Imtech Traffic &Infra sold
With approval of the trustees of Royal Imtech N.V. the banks have sold the shares in the division Imtech Traffic & Infra - excluding the Belgian activities which are part of this division - to RCPT Beheer B.V., owned by Egeria.

This transaction secures the employment of 1,965 (of which 994 in the Netherlands) of the in total 2,093 employees of this division. Combined with the previous transactions of the divisions Imtech Marine and Imtech Nordic, now approximately 9,300 jobs are secured, including approximately 2,300 jobs in the Netherlands.

Please find below the links to an overview of legal entities of Traffic & Infra and the entities out of scope:

Out of the purchase price the three Dutch banks will pay € 500,000 for immediate IT costs of Imtech. The leasing companies who are providing vehicles to Imtech have committed themselves to continue to keep their cars available in August. Consequently, every Imtech employee will be able to continue to travel to offices and clientele.

ING settled the ING bank accounts of Imtech last weekend so that new incoming payments can be used to pay the running costs. Rabobank has not settled and released the bank accounts of Imtech companies.

The transactions realized bring significant benefits to the trade creditors of Imtech. As a result of the sale of the divisions, payments to trade creditors are secured. In this respect, the following total trade creditor amounts apply per division sold:

  • Imtech Traffic & Infra: € 39 million
  • Imtech Marine: € 48 million
  • Imtech Nordic: € 56 million

Also as a result, the obligations of these divisions towards other creditors are secured for tens of millions of Euros.
As a result of the sale of these now in total three divisions and to the advantage of the banks of Imtech, an amount of € 120 million in bank guarantees has not become at risk, given that all orders and projects will be carried out under the leadership of new owners.

The trustees are hopeful that in cooperation with the banks several parts of the division Imtech Benelux, can also be transferred to new owners soon.

It is expected that Royal Imtech N.V. shareholders will not receive any returns of the proceeds of the announced sales and any potential subsequent sales of Imtech parts.

Further information will be provide as soon as this is deemed appropriate.

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