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    Boskalis ups stake in Dockwise

    Company News // November 28, 2012

    Dutch dredging and marine contractor Royal Boskalis Westminster says it now holds a 33.0 per cent stake in heavy lift company Dockwise. As a result, Boskalis is now the largest shareholder in the company.

    As previously announced, HAL Investments BV has irrevocably committed to support the Boskalis offer and tender its shares in Dockwise, representing approximately 32 per cent of the outstanding ordinary shares.

    Due to 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) is of the opinion that, in addition to the Norwegian offer rules, the Dutch offer rules are also applicable.

    Boskalis said it will approach both financial regulators to ensure that the offer process can be conducted in an efficient manner.


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