Strukton transfers shares Tidal Bridge BV to BAM

28 May 2018

With effect from May 25 Strukton has transferred its shares in Tidal Bridge BV to BAM.

TB Render-Waterenergie news page 

In May 2017, Tidal Bridge BV - a joint venture of Strukton International and DEC - started a feasibility study for the Palmerah Tidal Bridge project in Indonesia. This project involves the construction of a floating bridge with the world's largest tidal power plant connected to it.

Tidal Bridge was an innovation in a new country for Strukton from the start of this research. In a reconsideration of the strategy, it was decided that Indonesia will not be a home country for Strukton in the near future.

With this step and transfer of shares, Strukton wants to preserve the current opportunities in Indonesia for Tidal Bridge and provide space for new opportunities and developments.

Strukton wishes Tidal Bridge with BAM as a new shareholder good luck with the further realisation of this project.