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Boskalis sells off last remaining shares in Fugro

Royal Boskalis Westminster has announced that it has sold off all of its remaining shares in offshore firm Fugro.

The move follows on from two previous reductions in its stake in Fugro in December 2016. The shares were placed with institutional investors at EUR14.5 ($15.4) per share. The bookbuild commenced on 28 February 2017 after closing of Euronext Amsterdam.

Boskalis was once the largest shareholder of Fugro, however the two companies have been involved in a legal battle which saw Boskalis try to force a shareholder vote in regard to one of Fugro’s three protective measures, the Foundation Continuity Fugro. Both the District Court of The Hague and later the Court of Appeal in The Hague, ruled in favour of Fugro.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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