Boskalis Complete Sale of its Equity Stake in Saam Smit Towage to SAAM for USD 200 Million
Royal Boskalis Westminster N.V. (Boskalis) has completed the sale of its equity stake in Saam Smit Towage to SAAM S.A. (SAAM). The intended sale was announced on 11 February 2019. In line with the initial announcement, Boskalis received approximately USD 200 million in cash for its equity stake in the …
Boskalis Appointed as Salvor for Both Damaged Tankers in the Gulf of Oman
Royal Boskalis Westminster N.V. (Boskalis) has been appointed as the salvor for both tankers that were hit yesterday morning in the Gulf of Oman in a suspected attack. Shortly after the incidents the insurers of both vessels appointed Boskalis subsidiary SMIT Salvage to salvage the vessels and their cargo. The …
Boskalis Expands Market Position in Marine Survey Through Acquisition of Horizon
Royal Boskalis Westminster N.V. (Boskalis) has acquired a 62.5% majority stake in the Horizon Group (Horizon) from the United Arab Emirates. Horizon’s main activities include marine geophysical surveys and geotechnical services. Peter Berdowski, CEO Boskalis, “Through this transaction, we are adding an important strategic position to our existing marine survey and …
Boskalis Signs Deal to Sell its Equity Stake in SAAM SMIT Towage for USD 201 Million
Royal Boskalis Westminster N.V. has signed an agreement with SAAM S.A. relating to the sale and purchase of the equity stake held by Boskalis in SAAM SMIT Towage. Under the terms of the agreement, the total (100%) enterprise value of SAAM SMIT Towage is valued at USD 560 million. Boskalis …
Boskalis Posts Record Net Profit of EUR 490 million
Royal Boskalis Westminster N.V. (Boskalis) achieved net profit of EUR 490 million in 2014 (2013: EUR 366 million). Revenue rose by 1 per cent to EUR 3.2 billion (2013: EUR 3.1 billion). EBITDA rose by 25 per cent to EUR 946 million (2013: EUR 757 million) and the operating result (EBIT) was up 41 per cent at EUR …
Boskalis: Acquires 14% Stake in Fugro
Royal Boskalis Westminster N.V. (Boskalis) has acquired a 14.8% stake in Fugro N.V. Boskalis views Fugro as an interesting company with activities that fit very well with its own activities. Boskalis wants to enter into a dialogue with Fugro to explore possible options for cooperation. Boskalis stresses that it has …
Boskalis to Launch Share Buyback Program
Royal Boskalis Westminster N.V. (Boskalis) announces the start of its share buyback program. Within the framework and based on the principles of its business plan for the 2014-2016 period Boskalis intends to execute a buyback program for up to 10million of its own shares. The program will be executed in …