On 21 December 2017 CFE Contracting, a wholly-owned subsidiary of CFE, acquired all the shares of Aannemingen Van Laere NV for 18.4 million euros.

On 21 December 2017 CFE Contracting, a wholly-owned subsidiary of CFE, acquired all the shares of Aannemingen Van Laere NV for 18.4 million euros. The Van Laere group, which was wholly owned by Ackermans & van Haaren and composed of Aannemingen Van Laere NV and its subsidiaries (namely the Thiran SA Group and Arthur Vandendorpe NV), is a general contractor operating in Belgium’s three regions.

The acquisition had received unanimous prior approval by the boards of CFE and CFE Contracting following submission to the committee of independent directors pursuant to Article 524 of the Companies Code.

The Van Laere group will continue to operate under their own brands. Their activities will be complementary to those of CFE Contracting’s other Belgian construction subsidiaries.

The CEO of the Van Laere group, Manu Coppens, will become a member of the executive committee of CFE Contracting.

For further information, please contact, at CFE:
Renaud Bentégeat
Chief Executive Officer
tel.: +32 2 661 13 27
mobile: +32 497 514 445
rbentegeat@cfe.be; or

Fabien De Jonge
Chief Financial Officer
tel. +32 2 661 13 12
mobile +32 497 514 406
fabien_de_jonge@cfe.be

Raymund Trost
Chief Executive Officer CFE Contracting
tel.: +32 2 661 13 09
mobile: 32 475.95.86.86
raymund_trost@cfe.be