October 30 - Ballast Nedam has begun a process to divest its offshore business unit, with the intention of concluding the transaction at short notice.

The sale of Ballast Nedam Offshore is an addition to the "disposals programme" that Ballast Nedam announced in February to strengthen its financial position.

The intended sale comprises Ballast Nedam Offshore bv, all dedicated staff for engineering, procurement, contracting and installation (EPCI) services and its heavy lift vessel Svanen. The asset management activities for operational wind farms will not be included in the transaction.

The sales process is managed by NIBC.