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Arcadis sells its shares in Brazilian ALEN associate

Written by Customer Service on . Posted in Public Companies.

Amsterdam, 5 August 2020 – Arcadis (EURONEXT: ARCAD), the leading global Design & Consultancy organization for natural and built assets, today announces that it has signed a share purchase and sale agreement with its local partner Porto de Cima Concessões S.A. and has transferred the shares it holds in Arcadis Logos Energia S.A. (‘ALEN’) as per today.In December 2019 Arcadis decided to stop investing in the ALEN associate and its participations in the clean energy assets in Brazil and took a provision to cover the full exposure. As a result of today’s transaction €6 million of guaranteed debt by Arcadis will be repaid and part of the provisions will be released.Peter Oosterveer, CEO of Arcadis says: “I am very pleased that we reached an agreement to transfer our shares in the ALEN associate to our local partner. After we stopped investing in the ALEN associate, our local partners continued with the operations and we remained in a constructive dialogue with them to come to an orderly wind down of our investment in ALEN. With the closing of the transaction today we can finally leave this legacy issue behind us.”###FOR FURTHER INFORMATION PLEASE CONTACT:
ARCADIS INVESTOR RELATIONS
Jurgen Pullens
Mobile: +31 6 5159 9483
E-mail: jurgen.pullens@arcadis.comARCADIS CORPORATE COMMUNICATIONS
Joost Slooten
Mobile: +31 6 2706 1880
E-mail: joost.slooten@arcadis.comABOUT ARCADIS
Arcadis is a leading global Design & Consultancy organization for natural and built assets. Applying our deep market sector insights and collective design, consultancy, engineering, project and management services we work in partnership with our clients to deliver exceptional and sustainable outcomes throughout the lifecycle of their natural and built assets. We are 28,000 people, active in over 70 countries that generate €3.5 billion in revenues. We support UN-Habitat with knowledge and expertise to improve the quality of life in rapidly growing cities around the world. www.arcadis.com. REGULATED INFORMATION
This press release contains information that qualifies or may qualify as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.FORWARD LOOKING STATEMENTS
Statements included in this press release that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are forward-looking statements. These statements are only predictions and are not guarantees. Actual events or the results of our operations could differ materially from those expressed or implied in the forward-looking statements.  Forward-looking statements are typically identified by the use of terms such as “may,” “will”, “should”, “expect”, “could”, “intend”, “plan”, “anticipate”, “estimate”, “believe”, “continue”, “predict”, “potential” or the negative of such terms and other comparable terminology. The forward-looking statements are based upon our current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties.  Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control.  Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, our actual results and performance could differ materially from those set forth in the forward-looking statements.AttachmentArcadis sells its shares in Brazilian ALEN associate

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