Bure to divest holding in Carl Bro
Bure announced on 12 July 2006 that it had signed an agreement to sell its shares in Carl Bro to the Dutch engineering consultancy Grontmij NV. The transaction was conditional on the approval from Grontmij’s shareholders and relevant competition authorities. All affected competition authorities have given its clearance for the acquisition. Grontmij shareholders approved the transaction on an extraordinary shareholders' meeting held on 17 August 2006. Closing is expected to take place, and hence Grontmij will gain access to the shares in Carl Bro, before the end of August 2006. As a result of the transaction with Grontmij, Bure will hold about 6.1 percent of the shares in Grontmij. In the first six months of 2006, Grontmij had sales of € 194 million (€ 199) and the operating profit increased with 49 percent to € 9.8 million (€ 6.6). Gothenburg, 17 August 2006 Bure Equity AB (publ)