Boskalis sells stake in SMIT Amandla Marine
December 01 2016 - 5:16AM
Papendrecht, 1 December 2016
Royal Boskalis Westminster N.V. (Boskalis) has
successfully completed the sale of its stake in SMIT Amandla Marine
(SAM). The possible sale had already been announced in March 2016.
The stake was sold to management and local investors, thereby
returning the business of SAM to 100% South African ownership.
Boskalis received a cash sum of approximately EUR
50 million for the sale. The activities and results of SAM will be
deconsolidated with effect from 1 December 2016.
Following the sale, Boskalis will continue to be
permanently represented in the region through the activities of
SMIT Salvage.
For further
information
Investor relations:
Martijn L.D. Schuttevâer
ir@boskalis.com
Press:
Arno Schikker
press@boskalis.com
T +31 78 6969310
Royal Boskalis
Westminster N.V. is a leading global services provider operating in
the dredging, maritime infrastructure and maritime services
sectors. The company provides creative and innovative all-round
solutions to infrastructural challenges in the maritime, coastal
and delta regions of the world with services including the
construction and maintenance of ports and waterways, land
reclamation, coastal defense and riverbank protection. In addition,
Boskalis offers a wide variety of marine services and contracting
for the oil and gas sector and offshore wind industry as well as
salvage solutions (SMIT Salvage). Furthermore, Boskalis has a
number of strategic partnerships in harbour towage and terminal
services (KOTUG SMIT Towage, Keppel Smit Towage, Saam Smit Towage
and Smit Lamnalco). With a versatile fleet of 1,000 units Boskalis
operates in around 75 countries across six continents. Boskalis has
over 8,200 employees, excluding its share in
partnerships.
This press release can also be found on our
website www.boskalis.com.
PDF version of this
press-release
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Koninklijke Boskalis Westminster N.V. via
Globenewswire
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