EuropeFinance and InsuranceOffshore

HAL raises bid for Boskalis

Dutch investor HAL Holding has increased its offer to take over Dutch dredging and marine services provider Boskalis to €33 ($33) per share.

The Curacao-based publicly traded trust controlled by the Van der Vorm family upped the offer by €1 per share, bringing the price for Boskalis to €4.2bn, at a premium of 32% to Boskalis’ closing price on March 9.

HAL has been a shareholder of Boskalis since 1989, and currently holds around 55% of its shares in the issued share capital.

When it launched its first takeover offer, HAL noted that Boskalis would be better off without a listing and that it has no intention of changing its management or governance and also that it does not envisage reductions in the company’s workforce.

The Papendrecht-based Boskalis said its board has concluded that the increased price is fair, from a financial point of view to the shareholders and has recommended that they accept the offer. The acceptance period will expire on September 6, 2022.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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