Ballast Nedam Negotiates Sale of Recreation Resort in Canada

NIEUWEGEIN, The Netherlands, December 16, 2011 /PRNewswire/ --

Ballast Nedam has entered into negotiations with Resorts of the Canadian Rockies Inc. regarding the sale of the four-season recreation resort Kicking Horse Mountain Resort in Canada, which Ballast Nedam has developed and realised.

In anticipation of possible agreement, the external regulatory (governmental) procedures have been put in motion.

Resorts of the Canadian Rockies Inc. is one of the largest private ski resort owner/operators in North America, owning five ski resorts across Canada. In addition to the ski resorts RCRI also owns and operates a number of accommodation properties, golf courses, and a central reservation agency.

Ballast Nedam has a leading position in construction and infrastructure. The company operates mainly in the Netherlands on integrated and other projects for companies, public authorities and housing consumers, in the fields of mobility, housing, employment, leisure and energy. Ballast Nedam operates internationally in various areas of expertise. Ballast Nedam supplies project, process and contract management in the development, implementation and management phases. The company also provides specialized know-how and skills, and semi-finished and finished products. Ballast Nedam is listed on NYSE Euronext in Amsterdam. The share is included in the Amsterdam Small Cap Index. For more information please refer to http://www.ballast-nedam.com.

SOURCE Ballast Nedam NV

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