NETHERLANDS - Rabo Participaties acquires stake in Renhard BV

Rabo Participaties has acquired a participating interest in Renhard BV, which is the holding company of TCL Installatietechniek BV, in order to enable the merger of TCL and BV Warmte Technisch Buro J Giesbers & JJ van der Graaf. Giesbers & van der Graaf and TCL operate in the field of residential construction and utility construction respectively. The parties are not commenting on the amount of the participating interest and the acquisition price.