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Boskalis completes South African subsidiary sale

Royal Boskalis Westminster has completed the sale of its stake in SMIT Amandla Marine (SAM, first mooted in March this year. The stake was sold to management and local investors, returning the business of SAM to 100% South African ownership.

Boskalis received a cash sum of approximately EUR50m ($53.41m) for the sale.

Following the sale, Boskalis will continue to be permanently represented in the region through the activities of SMIT Salvage.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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