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Management and staff buy Holland Railconsult
Published: January 04, 2006
Holland Railconsult's management and staff have taken over the majority of shares from principal shareholders ABN Amro and NPM Capital. The management and staff of the Utrecht-based engineering consultancy now hold 74% of shares. "A company like ours depends heavily on the commitment of its staff," said board of management chairman Wim Jol. "The fact that over 50% of them have invested in the company obviously says a lot about their commitment and their confidence in the future of Holland Railconsult.” Van Lanschot Bankiers, which holds the remaining 26%, structured and financed the buy-out and is also setting up the staff participation agreement. Holland Railconsult was originally part of the Dutch railways, becoming independent in 1995 before being privatised under a management buy-out in 2001. At that time, 75% of shares were sold to NPM Capital and ABN Amro Participaties, with the other shares owned by management and staff. |
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