Dutch construction company Royal Bam Group (BAMNB.AE) intends to raise EUR249 million in a rights issue, announced in a press release Monday.

MAIN FACTS:

- ING, Rabobank and RBS are guaranteeing the issue which includes 96.6 million new ordinary shares at an issue price of EUR2.58 per share.

-BAM intends to use approximately EUR150 million of the net proceeds of the rights issue to finance interests in new and existing public/private partnership projects.

-The exercise period of the rights issue is from June 1, 2010 through to June 14, 2010.

- By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com
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