Boskalis Currently Holds 33 pct Stake in Dockwise

Royal Boskalis Westminster N.V. has announced that it currently holds a 33.0% stake in Dutch heavy lift and transportation company Dockwise. As a result, Boskalis is now the largest shareholder in Dockwise.

Boskalis on Monday announced its intention to acquire Dockwise for a total consideration of EUR 682 million ($883,8 million).

The company, a global services provider operating in the dredging, maritime infrastructure and maritime services sectors, has said that the combination of the two companies provides new strategic opportunities for accelerated growth of the offshore services. The Dockwise Ltd. group consists of four, global operating companies which all provide specialty services primarily in the heavy marine transport and the oil and gas services industries.

[mappress]
Press Release, November 28, 2012