U.S., Nov. 6 -- Construction firms BAM and Heijmans will be applying for a permit from the Netherlands Authority for Consumers & Markets (ACM) for the creation of a joint asphalt company.

The objective of the proposed joint venture is to combine the knowledge, expertise and investments in innovation in the area of asphalt production, to further increase the sustainability of the asphalt chain and to improve efficiency. The intended joint venture of asphalt plants was submitted to the ACM for approval.

ACM completed the first phase of its assessment and has indicated that the merger of the asphalt operations requires a permit. ACM concluded that further investigation is required in two regions to determine whether there continues to be s...