Ballast Nedam is in ‘exploratory talks’ with a number of foreign firms about a merger or takeover, the construction company said on Tuesday.

One of the potential candidates approached the Dutch firm at the end of last year and is also in talks about taking over part of the infrastructure portfolio, the Ballast Nedam statement said. The company added that the outcome of the talks is ‘uncertain’.

‘As indicated before, Ballast Nedam will continue to actively explore strategic options in the interest of the company and will make announcements accordingly as appropriate or necessary,’ the statement said.

Ballast Nedam posted a loss of €103m in 2014, more than double its 2013 loss of €41m.

The company, which has postponed publication of the figures twice this year, has been hit hard by three major infrastructure projects: expanding the A15 motorway in Rotterdam port, sinking the A2 underground in Maastricht and a public transport project in Breda.

At the beginning of May, the company came out with a rescue plan including a €20m rights issue and €50m subordinated loan.