Boskalis sells off last remaining shares in Fugro

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.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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