Boskalis moves for Dockwise

By Sandy Guthrie28 November 2012

Dutch dredging and maritime infrastructure firm Royal Boskalis Westminster has become the largest shareholder in marine contractor Dockwise.

Boskalis revealed its intention of making an offer for Dockwise, also headquartered in the Netherlands, yesterday, and now claims to hold a 33% stake. Dockwise described the offer as “unsolicited”.

According to Boskalis, the shares acquired since yesterday morning were purchased at an average price of €17.04, with a maximum price of €17.20.

HAL Investments, a Curaçao-based investment company, has committed to support the offer and tender its shares in Dockwise, representing approximately 32% of the outstanding ordinary shares, under the conditions that will be applicable to the offer.

As a result of the primarily listing of Dockwise on the Oslo Stock Exchange, the Norwegian offer rules will be applicable. The Netherlands Authority for the Financial Markets (AFM) believes that, in addition to the Norwegian offer rules, the Dutch offer rules are also applicable. Boskalis said it would approach both financial regulators to ensure that the offer process could be conducted “in an efficient manner”.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Construction Europe Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
More News from Construction Europe
Post-pandemic demand leads to long delivery times
Government stimulus measures following the global pandemic have led to a surge in demand for construction equipment
EasyAlquiler launches in Spain
EasyAlquiler agreement takes Maxber online, opening up business and marketing opportunities
Regulator approves Hyundai deal for Doosan Infracore
South Korean regulator gives green light to deal for Hyundai Heavy Industries Holdings to buy Doosan Infracore
CONNECT WITH THE TEAM
Mike Hayes Editor, Construction Europe Tel: +44(0) 1892 786 231 E-mail: mike.hayes@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA