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    IHC Caland presses ahead with shipbuilding sell-off

    News // August 20, 2004
    IHC Caland in the Netherlands has provided an update on the planned sale of its shipbuilding activities.

    Proposals were solicited from interested parties and several non-binding offers have now been received. On August 2nd, a decision was taken to continue with the sale process rather than seeking a separate listing for the independent shipbuilding group.

    A shortlist of bidders has been established and the due diligence process has started. The transaction should be completed during the fourth quarter of 2004.

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