Construction group VolkerWessels intends to list on the Amsterdam stock exchange in mid-May, the company said on Tuesday.

The company is the second biggest Dutch building group and remains in the hands of the Wessels family.

Only a small part of the shares will be floated and the family will retain a majority stake although they will become a minority shareholder ‘over time’, the company said.

‘The company believes that the offering and the listing of the shares on Euronext Amsterdam will further enhance its profile and brand recognition,’ the statement said.

VolkerWessels is active in Britain, Germany and North America as well as the Netherlands. The company, which has a workforce of some 16,000, booked sales of €5.5bn last year and net profit of €103m.

VolkerWessels was earlier listed in Amsterdam but that ended in 2003 when the Wessels family investment arm Reggeborgh bought the company out for €700m.