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    Smit seeking buyer for URS stake

    News // September 29, 2003
    Fairplay (www.fairplay.co.uk) reports that Dutch towage and salvage giant Smit Internationale is keen to free up capital for further expansion by selling some of the shares in Belgian towage operator Unie van Redding- en Sleepdienst (URS).

    In June Smit completed its take-over of URS by obtaining a 50.1 per cent holding from co-owner Bofort for an undisclosed sum.

    Fairplay said Smit is looking for an investment company to become part owner, with Smit maintaining a controlling interest.

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