Arcadis NV (OTCPK:ARCVF)

$ 62.0008 0 (0%) Market Cap: 5.58 Bil Enterprise Value: 6.54 Bil PE Ratio: 33.31 PB Ratio: 5.02 GF Score: 78/100

Arcadis NV Stops Investments in Brazilian ALEN Associate Call Transcript

Dec 17, 2019 / 09:00AM GMT

Release Date Price: $22.02 (-1.56%)

Transcript

Operator

Ladies and gentlemen, thank you for holding, and welcome to the Arcadis conference call. (Operator Instructions)

I would like to hand over the conference to the IR, Mr. Pullens. Go ahead, please.

Jurgen Pullens

Arcadis NV - Director of IR

Good morning, everyone, and welcome to this conference call. Before I hand over to Peter Oosterveer, I'd like to make clear that this call is only about providing more background to the announcement we issued this morning. Peter?

Peter W. B. Oosterveer

Arcadis NV - CEO & Chairman of the Executive Board

Yes. Thanks very much, Jurgen. And good morning, again, also on my behalf. Thanks for joining us today. I'm here with Sarah Kuijlaars, CFO of Arcadis. And of course, you already heard Jurgen, Director of Investor Relations.

So earlier this morning, we have announced our decision to stop further investments in the Brazilian ALEN associate. This painful decision was taken as a result of the offers we recently received as part of the divestment process you're

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