Cleary Gottlieb represented KBC Bank, BNP Paribas Fortis and ING Bank N.V. Belgian branch, as Joint Lead Managers, and Belfius Bank, Bank Delen & de Schaetzen and Econopolis Wealth Management, as Co-Lead Managers, in a €200 million retail bond offering in Belgium by DEME N.V.
The offer was launched on January 25, 2013 and the bonds were entirely subscribed on the first day of the subscription period. The bonds will be issued and admitted for trading on Alternext Brussels on February 14, 2013.
The Belgian dredging, environmental and marine engineering group DEME is a world player in a number of highly specialized and complex hydraulic disciplines. The DEME group diversified from dredging operations and land reclamation to marine engineering solutions at sea, services to oil and gas companies, installation of offshore wind farms, environmental activities such as soil remediation, recycling of dredged materials and remediation of brownfields and wreck clearance. DEME employs more than 4,200 people.