Royal BAM Group nv has entered into an agreement on the sale of its shares in the German operating company Wayss & Freytag Ingenieurbau AG to ZECH Building SE. Based in Frankfurt, Wayss & Freytag Ingenieurbau focuses on the German civil engineering market and international tunnel construction. Closing of the transaction is subject to customary closing conditions including approval of the competition authorities.
Hengeler Mueller advises Royal BAM Group on the transaction. The team is led by partner Andreas Hoger (M&A, Frankfurt) and includes partners Markus Ernst (Tax, Munich), Christian Hoefs (Employment, Frankfurt), Markus Röhrig (Antitrust, Brussels), Thomas Lang (Real Estate, Frankfurt) and Vera Jungkind (Data Protection, Düsseldorf) as well as associates Benedikt Mertens (Düsseldorf), Johannes Schmidt (Munich) (both M&A), Kamilla Zembala-Börner (Brussels), Christian Dankerl (Düsseldorf) (both Antitrust) and Tim Würstlin (Tax, Munich).
Hengeler Mueller already advised Royal BAM Group on the sale of its shares in BAM Germany to Zech Group SE and Gustav Zech Foundation in autumn 2021. With both transactions, Royal BAM is completing its exit from the German construction market as part of its strategic portfolio adjustments.