The Netherlands: Boskalis Holds 33 Pct Stake in Dockwise

Boskalis Holds 33 Pct Stake in Dockwise

Following a press release issued yesterday morning regarding an intended offer for Dockwise Ltd., Royal Boskalis Westminster N.V. announces that it currently holds a 33.0% stake in Dockwise.

As a result, Boskalis is now the largest shareholder in Dockwise. These shares acquired since yesterday morning were purchased at an average price of EUR 17.04 with a maximum price of EUR 17.20.

As previously announced, HAL Investments B.V. has irrevocably 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. HAL Investments B.V. has not received information that will not be included in the offer document.

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

Press Release, November 28, 2012

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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